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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (89179)	1/24/2000 10:03:00 AM
From: steve harris	Read Replies (1) \| Respond to of 1572507

Samsung 3 year $400 Million contract amd.com AMD ANNOUNCES FLASH MEMORY AGREEMENT WITH SAMSUNG --Samsung Provided With Flash Memory Product Supply-- SUNNYVALE, CA--JANUARY 24, 2000--AMD, a leading flash memory devices manufacturer, announced today an agreement with Samsung Electronic Co., Ltd.- Wireless Terminal Division (Samsung WTD) to supply the company with a significant portion of its flash memory product requirements for the next three years. Under the agreement, beginning January 1, 2000, AMD will provide Samsung WTD with approximately $400 million dollars worth of flash memory devices to support its increasing customer demand. "We are pleased to enter into this agreement with Samsung WTD which affords the increased supply Samsung WTD believes is necessary for its critical flash memory product needs," said Walid Maghribi, group vice president of AMD's Memory Group. "By aligning our strength in flash memory products with Samsung WTD's Code Division Multiple Access cellular phone handset leadership, AMD can participate in a cellular phone standard which we believe is being adopted worldwide." Cautionary Statement This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally preceded by words such as "plans," "expects," "believes," "anticipates" or "intends." Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty that could cause actual results to differ materially from current expectations. Forward-looking statements in this release involve the risk that AMD will not be able to produce flash memory devices in the volumes necessary to meet its requirements under the Agreement; that demand for flash memory products will not continue at current or greater levels; and that other cellular phone standards will be adopted world wide. We urge investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings.