Advanced Micro Devices Inc (AMD)

[BUGGI1000]

AMD 10Q

Haven't seen yet, that the 10Q is available. A few things from
that just from a quick overview!


Inventories:

Raw materials 46,721
Work-in-process 524,247
Finished goods 155,211

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Construction in progress 450,302
(means FAB36)

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Sales to Fujitsu $ 305,549
Royalty expenses to Fujitsu 5,855
Distributor commission to Fujitsu 19,529
Service fees to Fujitsu 8,127

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Computation Products net sales of $554 million in the second quarter of 2004 decreased three percent compared to net sales of $571 million in the first quarter of 2004. The decrease in net sales was primarily due to a five percent decrease in average selling prices of our microprocessor products, due primarily to a decrease in average selling prices of our AMD Athlon XP products, partially offset by increased unit sales of our higher priced AMD Opteron and AMD Athlon 64 microprocessors, and a one percent increase in overall processor unit shipments.

Computation Products net sales of $554 million in the second quarter of 2004 increased 36 percent compared to the second quarter of 2003 primarily as a result of an eight percent increase in unit shipments due to improving market conditions across all geographic regions and a 27 percent increase in average selling prices of our microprocessor products. Average selling prices of our microprocessor products increased primarily as a result of sales of our higher priced AMD Opteron and AMD Athlon 64 microprocessors, which we introduced in April 2003 and September 2003.
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Memory Products net sales of $673 million in the second quarter of 2004 increased seven percent from net sales of $628 million in the first quarter of 2004. The increase in net sales was primarily attributable to an increase of approximately seven percent in unit shipments due primarily to increased sales in Asia.
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All Other operating losses of $50 million in the first six months of 2004 increased from an operating loss of $7 million in the first six months of 2003 primarily due to profit sharing and bonus expenses of approximately $20 million, a one-time retirement benefit expense of $5 million and certain corporate research and development projects totaling approximately $7 million which are not allocated to the operating segments, as well as a $7 million increase in research and development expenses related to our Personal Connectivity Solutions products and a $6 million inventory write-down related to certain Personal Connectivity Solutions products referenced above.
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From the beginning of 2002 through June 27, 2004, we paid approximately $200 million to IBM in connection with agreements and services related to research and development activities.

(WOW - thats way more, than I expected!!!)

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http://amd.edgarpro.com/redirect_frames.asp?filename=0001193125%2D04%2D132797%2Etxt&filepath=%5C...

Just look also into the massive text and report interesting
things.

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