Advanced Micro Devices Inc. Q1 2009 Earnings Call Transcript

Apr. 22, 2009 1:10 AM ETAdvanced Micro Devices, Inc. (AMD)
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Advanced Micro Devices Inc. (NASDAQ:AMD) Q1 2009 Earnings Call April 21, 2009 5:00 PM ET


Ruth Cotter – Director of Investor Relations

Dirk Meyer – President and Chief Executive Officer

Robert J. Rivet – Chief Operations and Administrative Officer and Chief Financial Officer


Joanne Feeney - FTN Capital Markets

Uche Orji - UBS

Kevin Cassidy - Thomas Weisel Partners

Doug Freedman - Broadpoint Am Tech

David Wong - Wachovia Capital Markets, LLC

David Wu - Global Crown Capital

[Zinc Atamoony] – J.P. Morgan

[Unidentified Analyst] – Morgan Stanley

Ross Seymore - Deutsche Bank Securities

Patrick Wang - Wedbush Morgan Securities

[Tim Lutenbark – Capital]

Cody Acree - Stifel Nicolaus & Company, Inc.

[Serena Pajore – CLSA]


Good afternoon. My name is [Huey] and I’ll be your conference operator for today. At this time I would like to welcome everyone to AMD’s first quarter 2009 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded today.

I would now like to turn the conference over to Miss Ruth Cotter, Director of Investor Relations for AMD. Ma’am please go ahead.

Ruth Cotter

Thank you and welcome to AMD’s first quarter earnings conference call. Our participants today are Derrick Meyer, our President and CEO and Bob Rivet, our Chief Operations and Administrative Officer and Chief Financial Officer.

This is a live call and will be replayed by a webcast on There will also be a telephone replay. The replay number is 888-266-2081. Outside of the United States the number is 703-925-2533. The access code for both is 1343745. The telephone replay will be available for the next ten days starting later this evening.

As you know on March 2 we closed our Asset Smart transaction resulting in the formation of GLOBALFOUNDRIES, a joint venture between AMD and

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