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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 233.54

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Nov 7 9:30 AM EST

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To: Mani1 who started this subject	1/17/2001 2:51:44 PM
From: jjayxxxx	Read Replies (3) of 275872

AMD and PALM Sign Flash Memory Supply Agreement biz.yahoo.com SUNNYVALE & SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 17, 2001-- AMD (NYSE:AMD - news) and Palm, Inc. (Nasdaq:PALM - news), a pioneer in the field of mobile and wireless Internet solutions and a leading provider of handheld computers, today announced that Palm has named AMD its primary provider of Flash memory devices through 2003. ``Since the introduction of our first handheld computer in 1996, Palm has shipped more than 11 million handhelds, including 2.1 million units in our last fiscal quarter. This new agreement with AMD represents an important step forward in our continuing efforts to obtain increasing volumes of best-of-breed components to support our planned growth,'' said Dinesh Raghavan, vice president of Global Supply Chain Operations at Palm, Inc. ``AMD's industry-leading Flash technology will help Palm(TM) products remain among the most competitive handheld solutions on the market and provide Palm handheld users with the ability to upgrade their handhelds with future editions of the Palm OS®.'' ``AMD is extremely excited about our alliance with Palm, the pioneer and leader in the handheld marketplace,'' said Walid Maghribi, group vice president of AMD's Memory Group. ``AMD's innovative chip-scale packaging and advanced power management will help Palm deliver platforms with a smaller form factor and longer battery life. This agreement underscores AMD's strategy to diversify its penetration into the highest growth markets for Flash memory.''

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