Advanced Micro Devices Inc (AMD)

[Jack Hammered]

sgolds -

The only references to R&D I'm finding is this quote from John Joyce, IBM's Senior VP and CFO (on Page 17) Our annual $5 billion investment in Research and Development, and our technology and patent portfolio, differentiate us from our competitors, giving us leverage across our business that no one else has.

Also that R&D for 2003 was 5.1 billion - up one hundred million from 2002. They claim the increase is due to aquisitions. I'm not seeing any projections for 2004.

I did find this quote, also from John Joyce, (on page 27) interesting;
In the past few years, we have not been addressing our longer-term growth objectives because the industry was in decline. We felt it would be naive to talk about growth when we knew that our customers weren't spending. No one really knew how long it was going to take for customers to work off the excess IT capacity of the late 90's. But in 2003, we said that the industry had stabilized, and I would characterize 2004 as a year when the IT industry will begin its next growth cycle.

Jack