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Politics : Formerly About Advanced Micro Devices
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To: Duncan Baird who started this subject8/4/2000 6:07:23 PM
From: tejek  Read Replies (1) of 1573851
 
AMD Announces Completion of Sale of its Communication Products Division


SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 4, 2000--Advanced Micro Devices (NYSE:AMD) today announced the completion of the sale of 90 percent of AMD's Communication Products Division for approximately $375 million in cash. AMD has retained a 10 percent ownership interest in the business and also has a warrant to acquire approximately an additional 10 percent. The parties signed the definitive agreements for the sale of the Communication Products Division to Francisco Partners, LP on May 21, 2000.

The new entity will do business under the name of Legerity, Inc.

About AMD

AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia. AMD produces microprocessors, flash memory devices, and support circuitry for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.9 billion in 1999. (NYSE:AMD).

WORLD WIDE WEB: Press announcements and other information about AMD are available on the Internet via the World Wide Web. Type amd.com at the URL prompt.
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