A class action lawsuit was filed in the U.S. District Court for the Northern District of California on behalf of purchasers of Advanced Micro Devices, Inc. ("AMD") common stock between November 9, 1998 and March 8, 1999 (the "Class Period").
AMD supplies integrated circuits ("IC's") for the global personal and networked computer and communications markets. AMD has three fabrication facilities in Austin, Texas, including the state-of-the-art FAB 25 facility which manufactures and produces the AMD-K6 processors on 0.25-micron, five-layer metal process technology. The defendants include AMD and certain of its officers and directors. The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5) by, among other things: issuing false misleading statements regarding AMD's financial condition as well as its present and future business prospects.

Update

This case was voluntarily dismissed by plaintiff on September 5, 2000.