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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Charles R who wrote (16999)	10/31/2000 9:02:47 PM
From: Maverick	Respond to of 275872

NT deal announced today also caps a series of major long-term flash supply deals AMD Signs 3-Year Flash Deal With Nortel Electronic News Oct 31, 2000 --- In its third flash memory mega-deal in six months, Advanced Micro Devices Inc. (AMD) of Sunnyvale, Calif., today said it has entered into an agreement with optical and wireless Internet company Nortel Networks to supply it with the majority of its flash memory for the next three years. Under terms of the contract, AMD will provide Nortel with flash memory devices that are intended to support its customers’ needs for networking applications. The companies did not immediately provide further details of the size and scope of the agreement, or give a value. “This agreement with AMD … assures supply of the critical flash memory products that are required to meet our continued growth in the optical, access, wireless and enterprise businesses,” said Ken Bradley, chief procurement officer, Nortel Networks, in a statement. The agreement solidifies AMD’s position as one of the leading vendor of flash memory devices to the major networking companies, said AMD’s Walid Maghribi, group vice president of the memory group. AMD has been working hard to redevelop flash for the mobile era. More than a week ago, AMD signed a deal with LSI Logic Corp. to develop advanced interfaces between baseband processors and flash memory devices for the CDMA marketplace. The company also said it would develop multi-chip package (MCP) devices to house the baseband processor and flash memory products. On Oct. 2, it teamed with Texas Instruments to develop an advanced architecture for AMD’s flash and TI’s digital signal processor (DSP)-based Open Multimedia Application Platform (OMAP). The deal announced today also caps a series of major long-term flash supply deals. In September, AMD announced a three-year flash supply deal with Hewlett-Packard Co. and in April AMD inked a $300 million deal with Alcatel. electronicnews.com