Key Developments: Advanced Micro Devices Inc (AMD)

AMD on New York Consolidated

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21 Aug 2014
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Latest Key Developments (Source: Significant Developments)

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

Robbins Geller Rudman & Dowd LLP files class action suit against Advanced Micro Devices Inc
Wednesday, 15 Jan 2014 08:00pm EST 

Robbins Geller Rudman & Dowd LLP:Says that a class action has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Advanced Micro Devices Inc common stock during the period between Oct. 27, 2011 and Oct. 18, 2012 (the class period).Says the complaint charges AMD and certain of its officers and directors with violations of the Securities Exchange Act of 1934.Says the complaint alleges that during the class period, defendants made false and misleading statements about the company's business and prospects.  Full Article

Advanced Micro Devices Inc Secures Contract
Tuesday, 19 Nov 2013 08:00am EST 

Advanced Micro Devices Inc announced that it was selected for an award of $3.1 million for a research project associated with the U.S. Department of Energy (DOE) Extreme-Scale Computing Research and Development Program, known as DesignForward. The DOE award is an expansion of work started as part of another two-year award AMD received in 2012 called FastForward. The FastForward award aims to accelerate the research and development of processor and memory technologies needed to support extreme-scale computing. The DesignForward award supports the research of the interconnect architectures and technologies needed to support the data transfer capabilities in extreme-scale computing environments.  Full Article

Advanced Micro Devices Inc Issues Q4 2013 Revenue Guidance In Line With Analysts' Estimates
Thursday, 17 Oct 2013 04:15pm EDT 

Advanced Micro Devices Inc announced that for the fourth quarter of 2013, it expects revenue to increase 5%, plus or minus 3%, sequentially. The Company reported revenue of $1.46 billion in the third quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.51 billion for the fourth quarter of 2013.  Full Article

Advanced Micro Devices Inc's Subsidiary Completes Sale And Lease-Back Of AMD Singapore Facility To Sabana Shari'ah Compliant Industrial Real Estate Investment Trust
Thursday, 26 Sep 2013 07:00am EDT 

Advanced Micro Devices Inc (AMD) announced that its Singapore subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. (AMD Singapore), has completed a transaction to sell and lease-back its Singapore facility located at 508 Chai Chee Lane, Singapore 469032 to HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT). The transaction generated proceeds of approximately SGD59 million Singapore dollars (USD46 million) net of all fees. AMD will record a gain of approximately USD16 million related to the transaction in the third quarter of 2013. AMD Singapore will continue its operations in a portion of the Singapore facility and has commenced a 10-year lease agreement with Sabana REIT with extension options.  Full Article

UPDATE 2-Chipmaker AMD posts second-quarter loss, stock dives

SAN FRANCISCO, July 17 - Advanced Micro Devices Inc posted a net loss for the second quarter and gave a revenue forecast for the current quarter that missed expectations, sending its shares sharply lower.

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