Advanced Micro Devices' (AMD) Presents at Bank of America Merrill Lynch Global Technology Conference (Transcript)

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Advanced Micro Devices, Inc. (NASDAQ:AMD) Bank of America Merrill Lynch Global Technology Conference June 3, 2014 1:00 PM ET


Devinder Kumar - SVP and CFO


Vivek Arya - Bank Of America Merrill Lynch

Vivek Arya - Bank Of America Merrill Lynch

Welcome everyone to this session with AMD. I'm Vivek Arya, Semiconductor Analyst at Bank Of America Merrill Lynch. An absolute pleasure to have Devinder Kumar, CFO of AMD join us this morning along with Ruth Cotter and Liz Luckow from the Investor Relations team. What we’ll do is Devinder has some prepared material. He will start with that than just jump into Q&A.

Devinder Kumar

Thank you Vivek. Good morning to everybody. I am here to discuss AMD’s transformation and really we have gone from a Company that was dependent 95% on the PC market and really transformed ourselves or transforming ourselves with significant progress made in 2013. I’ll share with you what we have achieved recently and also how we’re doing it and where we are headed from a view point of diversification in 2015 and 2016.

So I’ll show the obligatory, if this thing works. This is really forward looking statements and based on the environment as we currently see it, and just by way of introduction; I have been with AMD almost 30 years, actually celebrate my 30th anniversary in the July timeframe. So worked in the company here as well as in Asia for 10 years, CFO since January 2013, but really took on the role on an interim basis on October 2012, which is exactly when we launched the reset and restructure of the Company to get into what we call the transformation of AMD over a multi-year period and really it’s about three years to the transformation as we get in 2016.

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