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AMD > SEC Filings for AMD > Form 8-K/A on 16-Jan-2009All Recent SEC Filings

Show all filings for ADVANCED MICRO DEVICES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K/A for ADVANCED MICRO DEVICES INC


16-Jan-2009

Material Impairments


Item 2.06. Material Impairments

On December 29, 2008, Advanced Micro Devices, Inc. (the "Company") filed a Current Report on Form 8-K (the "Original Form 8-K") stating that the current carrying value of its goodwill, which the Company had recorded as a result of its October 2006 acquisition of ATI Technologies Inc. (the "ATI Acquisition"), was impaired. In addition, the Company stated in the Original Form 8-K that it would perform an analysis to identify whether there was also potential impairment of any of the remaining identifiable intangible assets acquired in the ATI Acquisition. At the time of filing of the Original Form 8-K, the Company was unable to provide a reasonable estimate of the amount or range of amounts of either impairment charge. The Company is filing this Form 8-K/A to amend the Original Form 8-K to update the disclosure therein under Item 2.06.

On January 13, 2009, the Company determined that the goodwill impairment charge related to the ATI Acquisition would be approximately $622 million. In addition, the Company concluded that approximately $62 million of the current carrying values of certain acquired identifiable intangible assets was impaired. The Company will not be required to make any current or future cash expenditures as a result of these impairments. These impairment charges will be reflected in the Company's financial statements as of and for the fiscal quarter and year ended December 27, 2008.


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