Key Developments: Advanced Micro Devices Inc (AMD)

AMD on New York Consolidated

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26 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Advanced Micro Devices Inc gives Q4 2014 revenue guidance below analysts' estimates
Thursday, 16 Oct 2014 04:15pm EDT 

Advanced Micro Devices Inc:Expects Q4 2014 revenue to decrease 13 pct, plus or minus 3 pct, sequentially.Reported revenue $1.429 billion in Q3 2014.Q4 2014 revenue of $1.481 billion - Thomson Reuters I/B/E/S.  Full Article

Advanced Micro Devices appoints Lisa Su as President and Chief Executive Officer
Wednesday, 8 Oct 2014 04:15pm EDT 

Advanced Micro Devices Inc:Appoints Lisa Su as president and chief executive officer and member of the board of directors, effective immediately.Su succeeds Rory Read, who has stepped down as president and chief executive officer, and member of the board of directors, as part of a transition plan.  Full Article

Advanced Micro Devices Inc and Synopsys Expand IP Partnership
Thursday, 18 Sep 2014 05:00pm EDT 

Advanced Micro Devices Inc:Signs multi-year agreement that gives AMD access to a range of Synopsys DesignWare interface, memory compiler, logic library and analog IP on advanced 16/14-nanometer and 10-nm FinFET process technologies.Synopsys is also hiring about 150 AMD IP R&D engineers and gains access to AMD's interface and foundation IP.  Full Article

Advanced Micro Devices announces extension of exchange offer for its 6.75 pct senior notes due 2019 and 7.00 pct senior notes due 2024 for registered notes
Thursday, 11 Sep 2014 06:00am EDT 

Advanced Micro Devices Inc:To exchange all outstanding 6.75 pct Senior Notes due 2019 and 7.00 pct Senior Notes due 2024 which were issued in private placements for an equal principal amount of new 6.75 pct Senior Notes due 2019 and 7.00 pct Senior Notes due 2024.  Full Article

Advanced Micro Devices Inc gives Q3 2014 revenue guidance below analysts' estimates
Thursday, 17 Jul 2014 04:15pm EDT 

Advanced Micro Devices Inc:Expects Q3 2014 revenue to increase 2 pct, plus or minus 3 pct, sequentially.Reported revenue $1.44 billion in Q2 2014.Q3 2014 revenue of $1.56 billion - Thomson Reuters I/B/E/S.  Full Article

Advanced Micro Devices Inc commences tender offer for its 8.125 pct senior notes due 2017
Monday, 2 Jun 2014 07:50am EDT 

Advanced Micro Devices Inc:Commences cash tender offer for any and all of its outstanding 8.125 pct senior notes due 2017.Concurrent with the tender offer, AMD is also soliciting consent from the holders of the notes (the Holders) for proposed amendments (to the terms of 8.125 pct notes to reduce the minimum notice period required in connection with redemption of the 8.125 pct notes from 30 days to three business days.Says it intends to finance the purchase of the 8.125 pct Notes tendered in the tender offer with the net proceeds from the closing of AMD's private offering of $400 mln of senior notes due 2024 (the New Notes Offering), which was also separately announced by AMD on June 02.To the extent the net proceeds from the New Notes Offering are not enough to redeem the then outstanding 8.125 pct Notes.AMD intends to use cash on hand, including the remaining net proceeds from its Feb. 2014 offering of its 6.75 pct senior notes due 2019, if required, to fund the redemption of any such 8.125 pct Notes.Tender Offer will expire at New York City time, on June 27 unless extended (such date and time, as it may be extended, the (Expiration Time) or earlier terminated by AMD.  Full Article

Advanced Micro Devices Inc gives Q2 2014 revenue guidance above analysts' estimates
Thursday, 17 Apr 2014 04:15pm EDT 

Advanced Micro Devices Inc:Expects Q2 2014 revenue to increase 3 percent, plus or minus 3 percent, sequentially.Reported revenue of $1.40 billion in Q1 2014.Q2 2014 revenue of $1.36 billion - Thomson Reuters I/B/E/S.  Full Article

Advanced Micro Devices Inc announces pricing of private offering of $600 million of senior notes
Thursday, 20 Feb 2014 08:11pm EST 

Advanced Micro Devices Inc:Says it has agreed to sell $600 million aggregate principal amount of its 6.75 pct Senior Notes due 2019 in a private offering.Says intends to close the transaction on or around Feb. 26, 2014.Says net proceeds from the issuance and sale of the senior notes will be about $590 million.Says intends to use the net proceeds to repurchase up to $425 million aggregate principal amount of its outstanding 6.00 pct Convertible Senior Notes due 2015 through a tender offer which was launched on Feb. 20, 2014.  Full Article

Advanced Micro Devices Inc gives Q1 2014 revenue guidance in line with analysts' estimates
Tuesday, 21 Jan 2014 04:30pm EST 

Advanced Micro Devices Inc:Says for Q1 2014, it expects revenue to decrease 16 percent, plus or minus 3 percent, sequentially.The company reported revenue of $1.59 billion in Q4 2013.Q1 2014 revenue of $1.36 billion - Thomson Reuters I/B/E/S.  Full Article

Levi & Korsinsky, LLP announces class action involving Advanced Micro Devices Inc and its board of director
Thursday, 16 Jan 2014 06:28pm EST 

Levi & Korsinsky, LLP:Says that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased Advanced Micro Devices Inc common stock between Oct. 27, 2011 and Oct. 18, 2012 (the class period).Says the complaint alleges that the company made materially false and misleading statements and/or concealed adverse facts regarding AMD's 32 nanometer Llano Accelerated Processing Unit (APU) microprocessor.Says the complaint alleges that AMD repeatedly highlighted a high interest and demand in Llano APUs, falsely implying that AMD's business was in a "strong position" and would "continue to rebound" in 2012.  Full Article

Chipmaker AMD hires Dell senior executive in server push

SAN FRANCISCO - Advanced Micro Devices Inc said it hired a former Dell Inc [DI.UL] senior executive to lead the chipmaker's push into microservers and other new markets.

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