Zeev's Turnips Patch-No Politics (ZEEV)

[TREND1]

AMD CURRENT OUTLOOK

AMD's outlook statements are based on current expectations. The following statements are forward-looking, and actual results could differ materially. Economic and industry conditions remain uncertain and continue to make it particularly difficult to forecast product demand. AMD's current outlook for the first quarter of 2004 is based on the following projections:

In its Flash memory business, notwithstanding typical seasonal patterns, AMD expects sales to be approximately flat for the quarter due to the company's strong position in the market.
For the processor business, AMD expects to be in the range of industry seasonal patterns.
In general, AMD believes that seasonal patterns are expected to prevail, and aggregate sales to be down slightly.