PRESS RELEASE
Published on April 5, 2000
[LETTERHEAD OF AMD APPEARS HERE]
NEWS RELEASE
Contact:
John Greenagel
AMD Public Relations
(408) 749-3310
john.greenagel@amd.com
AMD WILL RETAIN ITS NETWORK PRODUCTS DIVISION
SUNNYVALE, CA -- March 30, 2000 -- AMD announced today that it will retain
its Network Products Division, which supplies integrated circuits for data
communications and computer connectivity. The company said that Donaldson,
Lufkin, & Jenrette and Salomon Smith Barney remain engaged for the purpose of
selling the assets of its Communications Products Division, which provides
integrated circuits for telecommunications infrastructure applications. The
Communications Products Division and the Network Products Division currently
comprise the Communications Group.
The company said it reevaluated its plans to sell the product lines of the
Network Products Division in light of growing demand for processor-centric
integrated solutions for high-performance networking applications and Internet
access.
About AMD
AMD is a global supplier of integrated circuits for the personal and
networked computer and communications markets. AMD produces microprocessors,
flash memories, and integrated circuits for communications and networking
applications. Founded in 1969 and based in Sunnyvale, California, AMD had
revenues of $2.9 billion in 1999. (NYSE: AMD).
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Additional press releases and information about AMD and its products are
available at http://www.amd.com/news/news.html
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