SUNNYVALE, Calif.—(BUSINESS WIRE)—July 17, 2008— AMD (NYSE:AMD) today reported second quarter 2008 revenue from continuing operations of $1.349 billion, a seven percent decrease compared to the first quarter of 2008 and a three percent increase compared to the second quarter of 2007. As part of its previously communicated review of its non-core businesses, AMD decided to divest its Handheld and DTV product businesses, and therefore is classifying them as discontinued operations¹ for financial reporting.

In the second quarter of 2008, AMD reported a net loss of $1.189 billion, or $1.96 per share. For continuing operations, the second quarter loss was $269 million, or $0.44 per share, and the operating loss was $143 million. The results for continuing operations include a net favorable impact of $97 million, or $0.16 per share as described in the table below. Loss from discontinued operations was $920 million, or $1.52 a share, including asset impairment charges of $876 million, or $1.44 a share.

Reconciliation of GAAP to Non-GAAP Net Loss 2
(Millions except per share amounts)		Q2-08								Q1-08								Q2-07
GAAP net loss /EPS		$	(1,189	)		$	(1.96	)		$	(358	)		$	(0.59	)		$	(600	)		$	(1.09	)
Loss from discontinued operations			(920	)			(1.52	)			(50	)			(0.08	)			(69	)			(0.13	)
Loss from continuing operations			(269	)			(0.44	)			(308	)			(0.51	)			(531	)			(0.96	)
Gain on sale of 200mm equipment			193				0.32
Marketable securities impairment charges			(36	)			(0.06	)
Amortization of acquired intangibles, integration and other charges			(30	)			(0.05	)			(29	)			(0.05	)			(57	)			(0.10	)
Restructuring charges			(30	)			(0.05	)
Debt issuance charges																			(5	)			(0.01	)
Non-GAAP net loss		$	(366	)						$	(279	)						$	(469	)

Reconciliation of GAAP to Non-GAAP Operating Loss 2
(Millions)		Q2-08				Q1-08				Q2-07
GAAP operating loss		$	(143	)		$	(214	)		$	(396	)
Gain on sale of 200mm equipment			193
Amortization of acquired intangibles, integration and other charges			(30	)			(29	)			(57	)
Restructuring charges			(30	)
Non-GAAP operating loss		$	(276	)		$	(185	)		$	(339	)

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