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investments investor relations
May 31
2005

Non Client
E M P I R E   R E L A T I O N S   G R O U P
P R E S E N T S   T H E
Gold Star Report
Advanced Micro Devices, Inc.

Overview

"The supposition that the future resembles the past. Is not founded on arguments of any kind, but is derived entirely from habit ."
David Hume, 1737

As Hume stated some 260+ years ago, the future is subject to dramatic change. Few industries today demonstrate this concept better than the computer industry. The combination of our quest for knowledge and the potential provided by computers has created the internet industry. Fortunes were made almost overnight while the internet has helped invigorate struggling economies world-wide. Yet, the average computer user still understands barely more than the brand names responsible for the PDAs, notebooks, desktops and servers they use every day.

The key to the internet, DVD-players, MP3s, and all other computers in various forms is the microprocessor. Made of the same silicon found in sand, microprocessors are the heart and brain of many electronic devices. The predecessor to today’s chips was the transistor made in 1948. Now we have the power of an ENIAC computer in a video game console. There are other chips that can be found in computing devices, but the microprocessor field is small and market share is held in few hands. This GoldStar report will delve into one the world’s leading chipmakers, Advanced Micro Devices, Inc.

Advanced Micro Devices, Inc. was founded in 1969 by Jerry Sanders. The Company trades on the NYSE under the symbol AMD and is best known for its microprocessors. The Company creates and markets the Athlon 64 FX, Turion and other models that can be found in desktops and mobile processors globally. In addition the company creates Server and Workstation processors, flash memory devices and low-power processor solutions that can be found throughout the communications and consumer electronics industries. The Company currently maintains 16.9% of the microprocessor market, while owning 6500 issued patents with numerous pending patent applications. The Company generates 5 billion in revenue (12/26/04) with over 7 billion dollars in total assets.

Of the products produced by the Company, the Opteron dual core chips target the supercomputer, server and workstation marketplace which require higher speeds, simultaneous executions and minimal power increase. The Athlon chips are targeted to the Desktop computer market and allows for 32- and 64- bit computing simultaneously. The Turion chips are for thin & light notebooks, with wireless compatibility and 32- and 64-bit computing. The Company also makes Flash memory under Spansion LLC which are used in digital Cameras, DVDs, MP3s, mobile phones and automotive electronics.

Computers are the devices that could only be dreamed of in decades past. If Hume is correct computers, technology, and everyday life may become the dreams we have today. Until that time Advanced Micro Devices and companies like it provide us with the ability to travel, work, or be at home and still reach the rest of the world.

Please consult with a qualified investment professional.Please read the disclaimer printed in this page.



Products

Advanced Micro Devices, Inc. is know for its microprocessors. The Company has several lines of integrated chips, each targeted primarily for specific end users. The product lines of the Company include:

Opteron - simultaneous 32- and 64-bit computing with direct connect architecture. For servers and workstations, the dual-core processors connects two CPUs on one die to compute intensive multi-threaded applications or multiple applications simultaneously.

Turion - allows the ability to run 32- or 64-bit applications. For thin notebooks, Bluetooth and wireless compatibility are featured. These chips are designed for the mobile user.

Athlon 64 - built for desktops, this line is capable of handling 3d games, streaming audio/video, and multitasking. Similar to the other chips of the Company, they are capable of 32- and 64-bit applications.

The Spansion family of Flash memory - includes MirrorBit technology. MirroBit is capable of Burst-mode access as fast as 80Mhz, densities from 16 to 512 Megabits, and a cost structure similar to 90nm multi-level cell floating gate technology.

The Company has many other products and specializations within each product line. More information and descriptions can be found at the Company’s website www.amd.com

In the News

May 23, 2005 - The Company and HP (NYSE:HPQ) via the joint initiative announced May 20th to support the Lance Armstrong Foundation (LAF), have developed the HP Special Edition L2000 Notebook PC.

May 23, 2005 - The Company announced availability of the AMD Geode ™ LX 800@0.9W processor, a new generation of x86 architecture-based embedded and mobile devices.

May 21, 2005 - Federation Internationale de l'Automobile, with backing by AMD, has launched a new survey to help shape the future of Formula One racing.

May 23, 2005 - AMD and Crytek have announced that the 64-bit update to Crytek's and Ubisoft's award-winning PC game Far Cry®, optimized for AMD Athlon(TM) 64 processor-based systems, is now available for download from http://www.amd.com/farcry.

About Us

Advanced Micro Devices, Inc. creates and markets digital integrated circuits that can be found in workstations, servers, communications equipment as well as offering embedded microprocessors and Flash memory devices.

Key Points
  • Total assets exceed 7 billion.
  • Leading position in the microprocessor market.
  • Opteron chip users include CRAY, IBM, HPQ, and SUNW.
  • Owns 6500 patents and 2000 patents pending in the U.S.

Key Information
Current Stock Price $16.08
52 Week Low $10.76
52 Week High $24.95
Stock Symbol AMD
Exchange NYSE
Shares Outstanding 394,944,096
Financial Information
Revenues $5 billion (12/26/04)
Total Cash and equivalents $1.2 billion
Total Assets $7.84 billion
Long term Debt $2.04 billion
Management
Hector Ruiz Chairman/Pres/CEO
Robert Rivet CFO, Sr. VP
Thomas McCoy Exec VP
Henri Richard Exec VP WorldWide Sales

Headquarters:

Advanced Micro Devices, Inc.
One AMD Place
Sunnyvale Ca 94088

(P) (408) 749 4000

(Fax) (408) 982 6164

Website: www.amd.com


All dollar figures are in U.S. dollars. To obtain copies, please contact Kenneth Maciora at Empire Relations Group Inc. at (516)750-9719.



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Disclaimer
This Gold Star Report™ contains certain forward-looking statements which involve known and unknown risks, delays, uncertainties, and other factors, not under the Company's control, which may cause actual results, performance, or achievements of the Company to be materially different from the results, performance, or other expectations implied by these forward looking statements. This Profile is prepared for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this profile. The information and statistical data contained within have been obtained from sources believed to be reliable but in no way are warranted as to accuracy or completeness. This is not a solicitation of any offer to buy or sell. Empire Relations Group Inc., its affiliates, directors, officers, employees and employee benefit programs do not maintain an equity position, either long or short, in this security at this time. Empire Relations Group Inc. has not received any compensation for the production of this Gold Star Report Copyright © 2005. Empire Relations Group Inc. All rights reserved.

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