AMD Reports 2013 Fourth Quarter and Annual Results

About AMD
AMD (NYSE: AMD) designs and integrates technology that powers millions of intelligent devices, including personal computers, tablets, game consoles and cloud servers that define the new era of surround computing. AMD solutions enable people everywhere to realize the full potential of their favorite devices and applications to push the boundaries of what is possible. For more information, visit www.amd.com.

Cautionary Statement
This document contains forward-looking statements concerning AMD, its first quarter of 2014 revenue, AMD's long-term strategy, AMD's ability to diversify its business, and AMD's ability to leverage its IP in its core business and targeted growth areas; which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects," and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this presentation are based on current beliefs, assumptions and expectations, speak only as of the date of this presentation and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Risks include the possibility that that Intel Corporation's pricing, marketing and rebating programs, product bundling, standard setting, new product introductions or other activities may negatively impact the Company's plans; that the Company will require additional funding and may be unable to raise sufficient capital on favorable terms, or at all; that customers stop buying the Company's products or materially reduce their operations or demand for its products; that the Company may be unable to develop, launch and ramp new products and technologies in the volumes that are required by the market at mature yields on a timely basis; that the Company's third-party foundry suppliers will be unable to transition the Company's products to advanced manufacturing process technologies in a timely and effective way or to manufacture the Company's products on a timely basis in sufficient quantities and using competitive process technologies; that the Company will be unable to obtain sufficient manufacturing capacity or components to meet demand for its products or will not fully utilize the Company's projected manufacturing capacity needs at GLOBALFOUNDRIES Inc. (GF) microprocessor manufacturing facilities; that the Company's requirements for wafers will be less than the fixed number of wafers that we agreed to purchase from GF or GF encounters problems that significantly reduce the number of functional die the Company receives from each wafer; that the Company is unable to successfully implement its long-term business strategy; that the Company inaccurately estimates the quantity or type of products that its customers will want in the future or will ultimately end up purchasing, resulting in excess or obsolete inventory; that the Company is unable to manage the risks related to the use of its third-party distributors and add-in-board (AIB) partners or offer the appropriate incentives to focus them on the sale of the Company's products; that the Company may be unable to maintain the level of investment in research and development that is required to remain competitive; that there may be unexpected variations in market growth and demand for the Company's products and technologies in light of the product mix that it may have available at any particular time; that global business and economic conditions, including consumer PC market conditions, will not improve or will worsen; and the effect of political or economic instability, domestically or internationally, on the Company's sales or supply chain. Investors are urged to review in detail the risks and uncertainties in the Company's Securities and Exchange Commission filings, including but not limited to the Quarterly Report on Form 10-Q for the quarter ended September 28, 2013.

AMD, the AMD Arrow logo, AMD Opteron, AMD Radeon and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and used to identify companies and products and may be trademarks of their respective owner.

                                                                            
(1)  In this press release, in addition to GAAP financial results, the      
     company has provided non-GAAP financial measures including non-GAAP    
     gross margin, non-GAAP operating income (loss), non-GAAP net income    
     (loss) and non-GAAP earnings (loss) per share. These non-GAAP financial
     measures reflect certain adjustments as presented in the tables in this
     press release. The company also provided Adjusted EBITDA and non-GAAP  
     free cash flow as supplemental measures of its performance. These items
     are defined in the footnotes to the selected corporate data tables     
     provided at the end of this press release. The company is providing    
     these financial measures because it believes this non-GAAP presentation
     makes it easier for investors to compare its operating results for     
     current and historical periods and also because the Company believes it
     assists investors in comparing the company's performance across        
     reporting periods on a consistent basis by excluding items that it does
     not believe are indicative of its core operating performance and for   
     the other reasons described in the footnotes to the selected data      
     tables. Refer to corresponding tables at the end of this press release 
     for additional AMD data.                                               
                                                                            
(2)  The new 2014 AMD A-Series low power APU platform, codenamed "Mullins," 
     is expected to deliver up to 139 percent better productivity           
     performance per watt when compared to the previous generation "Temash" 
     platform. Testing conducted by AMD Performance Labs on optimized AMD   
     reference systems. PC manufacturers may vary configuration yielding    
     different results. PCMark 8 - Home score divided by TDP (W) is used to 
     simulate productivity performance per watt; the Mullins platform (4.5W)
     scored 1809 while the "Temash" platform (8W) scored 1343. AMD "Larne"  
     reference platform system used for both APUs. "Temash"-based AMD A6-   
     1450 quad-core APU with AMD Radeon™ HD 8250 Graphics, 2x2GB of DDR3-   
     1333MHz RAM (running at 1066MHz,) Windows 8.1, 13.200.11.0 - 03-Sep-   
     2013 driver. Pre-production engineering sample of "Mullins" quad-core  
     APU with next generation AMD Radeon graphics (model number TBD), 2x2GB 
     DDR3-1333MHz RAM, Windows 8.1, and unreleased reference driver. MUN-3  
                                                                            
(3)  The new 2014 AMD A-Series mainstream APU  platform,  codenamed  "Beema,"    
          is  expected  to  deliver  up  to  104  percent  better  productivity                      
          performance-per-watt  when  compared  to  the  previous  generation  "Kabini"  
          platform.  Testing  conducted  by  AMD  Performance  Labs  on  optimized  AMD      
          reference  systems.  PC  manufacturers  may  vary  configuration  yielding        
          different  results.  PCMark  8  -  Home  score  divided  by  TDP  (W)  is  used  to  
          simulate  productivity  performance  per  watt;  the  "Beema"  platform  (15W)  
          scored  2312  while  the  "Kabini"  platform  (25W)  scored  1861.  AMD  "Larne"  
          reference  platform  system  used  for  both  APUs.  "Kabini"-based  AMD  A6-      
          5200  quad-core  APU  with  AMD  Radeon™  HD  8400  Graphics,  2x2GB  of  DDR3-      
          1600MHz  RAM,  Windows  8.1,  13.200.11.0  -  03-Sep-2013  driver.  Pre-              
          production  engineering  sample  of  "Beema"  quad-core  APU  with  next              
          generation  AMD  Radeon  graphics  (model  number  TBD),  2x2GB  DDR3-1600MHz    
          RAM,  Windows  8.1,  and  unreleased  reference  driver.  BMN-3                              
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  STATEMENTS  OF  OPERATIONS                                                          
(Millions  except  per  share  amounts  and  percentages)                                                  
                                                                                                                                                        
                                                                      Quarter  Ended                          Year  Ended          
-------------------------------------------------------    ------------------  
                                                        Dec  28,    Sept  28,    Dec.  29,    Dec.  28,    Dec.  29,  
                                                          2013            2013            2012            2013            2012      
                                                                                                                                                        
-------------------------------------------------------    ------------------  
                                                                                                                                                        
Net  revenue                                $    1,589    $    1,461    $    1,155    $    5,299    $    5,422  
                                                                                                                                                        
Cost  of  sales                                  1,036              940              977          3,321          4,187  
                                                                                                                                                        
-------------------------------------------------------    ------------------  
                                                                                                                                                        
Gross  margin                                        553              521              178          1,978          1,235  
                                                                                                                                                        
Gross  margin  %                                      35%              36%              15%              37%              23%
                                                                                                                                                        
Research  and  development                293              288              313          1,201          1,354  
                                                                                                                                                        
Marketing,  general  and                                                                                                            
  administrative                                  169              155              193              674              823  
                                                                                                                                                        
Amortization  of  acquired                                                                                                        
  intangible  assets                                4                  5                  4                18                14  
                                                                                                                                                        
Restructuring  and  other                                                                                                          
  special  charges  (gains),                                                                                                      
  net                                                            -              (22)              90                30              100  
                                                                                                                                                        
Legal  settlements,  net                    (48)                -                  -              (48)                -  
                                                                                                                                                        
-------------------------------------------------------    ------------------  
                                                                                                                                                        
Operating  income  (loss)                  135                95            (422)            103        (1,056)
                                                                                                                                                        
Interest  income                                      1                  1                  2                  5                  8  
Interest  expense                                (44)            (47)            (45)          (177)          (175)
Other  income  (expense),                                                                                                          
  net                                                          (2)                2                (4)              (5)                6  
                                                                                                                                                        
-------------------------------------------------------    ------------------  
                                                                                                                                                        
Income  (loss)  before                                                                                                                
  income  taxes                                        90                51            (469)            (74)      (1,217)
                                                                                                                                                        
Provision  (benefit)  for                                                                                                          
  income  taxes                                          1                  3                  4                  9              (34)
                                                                                                                                                        
-------------------------------------------------------    ------------------  
                                                                                                                                                        
Net  income  (loss)                    $          89    $          48    $      (473)  $        (83)  $  (1,183)
                                                                                                                                                        
                                                                                                                                                        
Net  income  (loss)  per                                                                                                              
  share                                                                                                                                            
                                                                                                                                                        
    Basic                                        $      0.12    $      0.06    $    (0.63)  $    (0.11)  $    (1.60)
                                                                                                                                                        
    Diluted                                    $      0.12    $      0.06    $    (0.63)  $    (0.11)  $    (1.60)
                                                                                                                                                        
-------------------------------------------------------    ------------------  
                                                                                                                                                        
Shares  used  in  per  share                                                                                                        
  calculation                                                                                                                                
                                                                                                                                                        
    Basic                                                  759              757              747              754              741  
                                                                                                                                                        
    Diluted                                              766              764              747              754              741  
                                                                                                                                                        
-------------------------------------------------------    ------------------  
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  STATEMENTS  OF  COMPREHENSIVE  INCOME  (LOSS)                        
(Millions)                                                                                                                                    
                                                                                                                                                        
                                                                      Quarter  Ended                          Year  Ended          
-------------------------------------------------------    ------------------  
                                                        Dec  28,    Sept  28,    Dec.  29,    Dec.  28,    Dec.  29,  
                                                          2013            2013            2012            2013            2012      
                                                                                                                                                        
-------------------------------------------------------    ------------------  
                                                                                                                                                        
Total  comprehensive  income                                                                                                    
  (loss)                                        $          89    $          52    $      (475)  $        (82)  $  (1,181)
                                                                                                                                                        
-------------------------------------------------------    ------------------  
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  BALANCE  SHEETS                                                                              
(Millions)                                                                                                                                    
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                          Dec.  28,    Sept.  28,      Dec.  29,  
                                                                                              2013              2013              2012      
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
Assets                                                                                                                                            
                                                                                                                                                        
Current  assets:                                                                                                                          
    Cash  and  cash  equivalents                                  $          869    $          543    $          549  
    Marketable  securities                                                      228                517                453  
    Accounts  receivable,  net                                                832                873                630  
    Inventories,  net                                                                884                922                562  
    Prepaid  expenses  and  other  current  assets                71                  84                  71  
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
            Total  current  assets                                            2,884            2,939            2,265  
                                                                                                                                                        
Long-term  marketable  securities                                        90                121                181  
Property,  plant  and  equipment,  net                                346                358                658  
Acquisition  related  intangible  assets,  net                  78                  82                  96  
Goodwill                                                                                    553                553                553  
Other  assets                                                                            386                264                247  
---------------------------------------------------------------------------  
                                                                                                                                                        
Total  Assets                                                                $      4,337    $      4,317    $      4,000  
===========================================================================  
                                                                                                                                                        
Liabilities  and  Stockholders'  Equity                                                                                
                                                                                                                                                        
Current  liabilities:                                                                                                                
    Short-term  debt                                                      $            60    $              5    $              5  
    Accounts  payable                                                                519                574                278  
    Payable  to  GLOBALFOUNDRIES                                            364                495                454  
    Accrued  and  other  current  liabilities                      530                549                552  
    Deferred  income  on  shipments  to                                                                                      
      distributors                                                                      145                139                108  
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
            Total  current  liabilities                                  1,618            1,762            1,397  
                                                                                                                                                        
Long-term  debt                                                                    1,998            2,044            2,037  
Other  long-term  liabilities                                              177                  77                  28  
                                                                                                                                                        
Stockholders'  equity:                                                                                                              
    Capital  stock:                                                                                                                        
        Common  stock,  par  value                                                  7                    7                    7  
        Additional  paid-in  capital                                    6,894            6,872            6,803  
        Treasury  stock,  at  cost                                            (112)            (111)            (109)
    Accumulated  deficit                                                    (6,243)        (6,332)        (6,160)
    Accumulated  other  comprehensive  loss                          (2)                (2)                (3)
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
            Total  stockholders'  equity                                    544                434                538  
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
Total  Liabilities  and  Stockholders'  Equity    $      4,337    $      4,317    $      4,000  
===========================================================================  
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  STATEMENT  OF  CASH  FLOWS                                                            
(Millions)                                                                                                                                    
                                                                                              Quarter  Ended        Year  Ended    
------------------------------------------------------------    -------------  
                                                                                                    Dec.  28,              Dec.  28,      
                                                                                                        2013                      2013          
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
Cash  flows  from  operating  activities:                                                                              
    Net  income  (loss)                                                        $                    89    $                  (83)
    Adjustments  to  reconcile  net  income  (loss)                                                                
      to  net  cash  used  in  operating  activities:                                                                
        Depreciation  and  amortization                                                  54                        236  
        Net  loss  on  disposal  of  property,  plant                                                                  
          and  equipment                                                                                  1                          31  
        Employee  stock-based  compensation  expense                          24                          91  
        Non-cash  interest  expense                                                            7                          25  
        Other                                                                                                  (1)                          -  
    Changes  in  operating  assets  and  liabilities:                                                            
        Accounts  receivable                                                                      42                      (200)
        Inventories                                                                                      38                      (322)
        Prepaid  expenses  and  other  current  assets                            7                        (11)
        Other  assets                                                                                (143)                    (210)
        Payable  to  GLOBALFOUNDRIES                                                    (130)                      (89)
        Accounts  payable,  accrued  liabilities  and                                                              
          other                                                                                                33                        384  
------------------------------------------------------------    -------------  
Net  cash  provided  by  (used  in)  operating                                                                        
  activities                                                                        $                    21    $                (148)
------------------------------------------------------------    -------------  
                                                                                                                                                        
Cash  flows  from  investing  activities:                                                                              
    Purchases  of  property,  plant  and  equipment                          (21)                      (84)
    Proceeds  from  sale  of  property,  plant  and                                                                  
      equipment                                                                                              -                        238  
    Purchases  of  available-for-sale  securities                          (58)                (1,043)
    Proceeds  from  sale  and  maturity  of                                                                                
      available-for-sale  securities                                                  375                    1,344  
------------------------------------------------------------    -------------  
Net  cash  provided  by  investing  activities            $                  296    $                  455  
------------------------------------------------------------    -------------  
                                                                                                                                                        
Cash  flows  from  financing  activities:                                                                              
    Net  proceeds  from  foreign  grants  and                                                                            
      allowances                                                                                            5                          11  
    Proceeds  from  issuance  of  common  stock                                      1                            4  
    Proceeds  from  borrowings  of  secured                                                                              
      revolving  line  of  credit,  net                                                    55                          55  
    Repayments  of  long-term  debt  and  capital                                                                    
      lease  obligations                                                                          (51)                      (55)
    Other                                                                                                      (1)                        (2)
------------------------------------------------------------    -------------  
Net  cash  provided  by  financing  activities            $                      9    $                    13  
------------------------------------------------------------    -------------  
Net  increase  in  cash  and  cash  equivalents                                326                        320  
------------------------------------------------------------    -------------  
Cash  and  cash  equivalents  at  beginning  of                                                                      
  period                                                                                $                  543    $                  549  
------------------------------------------------------------    -------------  
Cash  and  cash  equivalents  at  end  of  period          $                  869    $                  869  
------------------------------------------------------------    -------------  
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
SELECTED  CORPORATE  DATA                                                                                                          
(Millions  except  headcount)                                                                                                  
                                                                                                                                                        
                                                                                                                                                        
                                                                      Quarter  Ended                          Year  Ended          
--------------------------------------------------------  -------------------
                                                        Dec  28,    Sep.  28,    Dec.  29,      Dec  28,    Dec.  29,  
Segment  and  Category                                                                                                                
  Information                                  2013            2013            2012            2013            2012      
                                                                                                                                                        
--------------------------------------------------------  -------------------
                                                                                                                                                        
Computing  Solutions  (1)                                                                                                          
    Net  revenue                            $        722    $        790    $        829    $    3,104    $    4,005  
    Operating  income  (loss)    $          (7)  $          22    $      (323)  $        (22)  $      (231)
                                                                                                                                                        
Graphics  and  Visual                                                                                                                  
  Solutions  (2)                                                                                                                            
    Net  revenue                                      865              671              326          2,193          1,417  
    Operating  income                            121                79                22              216              105  
                                                                                                                                                        
All  Other  (3)                                                                                                                              
    Net  revenue                                          2                  -                  -                  2                  -  
    Operating  income  (loss)                21                (6)          (121)            (91)          (930)
                                                                                                                                                        
Total                                                                                                                                              
    Net  revenue                            $    1,589    $    1,461    $    1,155    $    5,299    $    5,422  
    Operating  income  (loss)    $        135    $          95    $      (422)  $        103    $  (1,056)
                                                                                                                                                        
--------------------------------------------------------  -------------------
                                                                                                                                                        
Other  Data                                                                                                                                    
                                                                                                                                                        
Depreciation  and                                                                                                                        
  amortization,  excluding                                                                                                        
  amortization  of  acquired                                                                                                      
  intangible  assets                  $          50    $          52    $          62    $        219    $        247  
Capital  additions                    $          21    $          15    $          22    $          84    $        133  
Adjusted  EBITDA  (4)                $        165    $        153    $          30    $        412    $        389  
Cash,  cash  equivalents  and                                                                                                    
  marketable  securities,                                                                                                          
  including  long-term                                                                                                                
  marketable  securities          $    1,187    $    1,181    $    1,183    $    1,187    $    1,183  
Non-GAAP  free  cash  flow                                                                                                          
  (5)                                              $            0    $            6    $      (308)  $      (232)  $      (471)
Total  assets                              $    4,337    $    4,317    $    4,000    $    4,337    $    4,000  
Total  debt                                  $    2,058    $    2,049    $    2,042    $    2,058    $    2,042  
Headcount                                        10,671        10,330        10,340        10,671        10,340  
                                                                                                                                                        
--------------------------------------------------------  -------------------
                                                                                                                                                        
                                                                                                                                                        
  (1)  Computing  Solutions  segment  includes  x86  microprocessors,  as  standalone
          devices  or  as  incorporated  as  an  accelerated  processing  unit  (APU),        
          chipsets,  embedded  processors  and  dense  servers.                                              
                                                                                                                                                        
  (2)  Graphics  and  Visual  Solutions  segment  includes  graphics  processing          
          units  (GPU),  including  professional  graphics,  semi-custom  products  and  
          technology  for  game  consoles.                                                                                    
                                                                                                                                                        
  (3)  All  Other  category  includes  certain  expenses  and  credits  that  are  not    
          allocated  to  any  of  the  operating  segments.  Also  included  in  this            
          category  are  amortization  of  acquired  intangible  assets,  employee            
          stock-based  compensation  expense,  net  restructuring  and  other  special    
          charges  (gains).  In  addition,  the  Company  also  included  the  following    
          for  the  indicated  periods:  for  the  fourth  quarter  of  2013  and  for  2013,
          the  Company  included  net  legal  settlements;  for  2012,  the  Company            
          included  a  charge  related  to  the  limited  waiver  of  exclusivity  from        
          GLOBALFOUNDRIES  (GF).    The  Company  also  reported  the  results  of  former  
          businesses  in  the  All  Other  category  because  the  operating  results  were
          not  material.                                                                                                                    
                                                                                                                                                        
  (4)  Reconciliation  of  GAAP  operating  income  (loss)  to  Adjusted  EBITDA*          
                                                                                                                                                        
                                                                                                                                                        
                                                                      Quarter  Ended                          Year  Ended          
                                                      -----------------------------  -------------------
                                                      Dec.  28,    Sep.  28,    Dec.  29,    Dec.  28,    Dec.  29,  
                                                          2013            2013            2012            2013            2012      
                                                      -----------------------------  -------------------
          GAAP  operating  income                                                                                                    
            (loss)                              $        135    $          95    $      (422)  $        103        (1,056)
              Lower  of  cost  or                                                                                                          
                market  charge                                                                                                              
                related  to  GF                                                                                                              
                take-or-pay                                                                                                                  
                obligation                                -                  -              273                  -              273  
              Limited  waiver  of                                                                                                        
                exclusivity  from                                                                                                        
                GF                                                -                  -                  -                  -              703  
              Legal  settlements,                                                                                                      
                net                                          (48)                -                  -              (48)                5  
              Depreciation  and                                                                                                          
                amortization                          50                52                62              219              247  
              Employee  stock-                                                                                                            
                based  compensation                                                                                                    
                expense                                    24                23                23                91                97  
              Amortization  of                                                                                                            
                acquired                                                                                                                        
                intangible  assets                  4                  5                  4                17                14  
              Restructuring  and                                                                                                        
                other  special                                                                                                              
                charges  (gains),                                                                                                        
                net                                              -              (22)              90                30              100  
              SeaMicro                                                                                                                          
                acquisition  costs                  -                  -                  -                  -                  6  
                                                      -----------------------------  -------------------
          Adjusted  EBITDA              $        165    $        153    $          30    $        412    $        389  
                                                      =============================  ===================
                                                                                                                                                        
                                                                                                                                                        
(5)    Non-GAAP  free  cash  flow  reconciliation**                                                              
                                                                      Quarter  Ended                          Year  Ended          
                                                      -----------------------------  -------------------
                                                      Dec.  28,    Sep.  28,    Dec.  29,    Dec.  28,    Dec.  29,  
                                                          2013            2013            2012            2013            2012      
                                                      -----------------------------  -------------------
          GAAP  net  cash                                                                                                                    
            provided  by  (used                                                                                                          
            in)  operating                                                                                                                  
            activities                      $          21    $          21    $      (286)  $      (148)  $      (338)
              Purchases  of                                                                                                                  
                property,  plant                                                                                                          
                and  equipment                      (21)            (15)            (22)            (84)          (133)
                                                      -----------------------------  -------------------
          Non-GAAP  free  cash                                                                                                          
            flow                                  $            0    $            6    $      (308)  $      (232)  $      (471)
                                                      =============================  ===================
                                                                                                                                                        
                                                                                                                                                        
          *  The  Company  presents  Adjusted  EBITDA  as  a  supplemental  measure  of        
            its  performance.  Adjusted  EBITDA  for  the  Company  is  determined  by          
            adjusting  operating  income  (loss)  for  depreciation  and  amortization,    
            employee  stock-based  compensation  expense  and  amortization  of                  
            acquired  intangible  assets.  In  addition,  the  Company  also  included        
            the  following  adjustments  for  the  indicated  periods:  for  the  fourth      
            quarter  of  2013,  the  Company  included  adjustments  for  net  legal              
            settlements;  for  the  third  quarter  of  2013,  the  Company  included            
            adjustments  for  net  restructuring  and  other  special  charges  (gains);    
            for  2013,  the  Company  included  adjustments  for  net  legal  settlements    
            and  net  restructuring  and  other  special  charges  (gains);  for  the            
            fourth  quarter  of  2012,  the  Company  included  adjustments  for  the            
            lower  of  cost  or  market  charge  (LCM  Charge)  related  to  GF  take-or-pay  
            obligation  and  net  restructuring  and  other  special  charges  (gains);      
            for  2012,  the  Company  included  adjustments  for  the  LCM  Charge,  a            
            charge  related  to  the  limited  waiver  of  exclusivity  from  GF,  net            
            legal  settlements,  net  restructuring  and  other  special  charges                
            (gains)  and  SeaMicro,  Inc  acquisition  costs.  The  Company  calculates      
            and  communicates  Adjusted  EBITDA  in  the  financial  schedules  because      
            the  Company's  management  believes  it  is  of  importance  to  investors        
            and  lenders  in  relation  to  its  overall  capital  structure  and  its            
            ability  to  borrow  additional  funds.  In  addition,  the  Company  presents  
            Adjusted  EBITDA  because  it  believes  this  measure  assists  investors  in  
            comparing  its  performance  across  reporting  periods  on  a  consistent        
            basis  by  excluding  items  that  the  Company  does  not  believe  are                
            indicative  of  its  core  operating  performance.  The  Company's                      
            calculation  of  Adjusted  EBITDA  may  or  may  not  be  consistent  with  the    
            calculation  of  this  measure  by  other  companies  in  the  same  industry.    
            Investors  should  not  view  Adjusted  EBITDA  as  an  alternative  to  the        
            GAAP  operating  measure  of  operating  income  (loss)  or  GAAP  liquidity      
            measures  of  cash  flows  from  operating,  investing  and  financing                
            activities.  In  addition,  Adjusted  EBITDA  does  not  take  into  account      
            changes  in  certain  assets  and  liabilities  as  well  as  interest  and          
            income  taxes  that  can  affect  cash  flows.                                                            
                                                                                                                                                        
          **  The  Company  also  presents  non-GAAP  free  cash  flow  in  the  earnings      
            release  as  a  supplemental  measure  of  its  performance.  Non-GAAP  free      
            cash  flow  is  determined  by  adjusting  GAAP  net  cash  provided  by  (used    
            in)  operating  activities  for  capital  expenditures.  The  Company                
            calculates  and  communicates  non-GAAP  free  cash  flow  in  the  financial    
            schedules  because  the  Company's  management  believes  it  is  of                    
            importance  to  investors  to  understand  the  nature  of  these  cash  flows.  
            The  Company's  calculation  of  non-GAAP  free  cash  flow  may  or  may  not      
            be  consistent  with  the  calculation  of  this  measure  by  other  companies  
            in  the  same  industry.  Investors  should  not  view  non-GAAP  free  cash        
            flow  as  an  alternative  to  GAAP  liquidity  measures  of  cash  flows  from    
            operating  activities.  The  Company  has  provided  reconciliations  within  
            the  press  release  and  financial  schedules  of  these  non-GAAP  financial  
            measures  to  the  most  directly  comparable  GAAP  financial  measures.          
                                                                                                                                                        
 

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