Broadcom to Acquire Digital TV Business from AMD

Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at www.broadcom.com.

About AMD

Advanced Micro Devices (NYSE: AMD) is a leading global provider of innovative processing solutions in the computing and graphics markets. AMD is dedicated to driving open innovation, choice and industry growth by delivering superior customer-centric solutions that empower consumers and businesses worldwide. For more information, visit www.amd.com.

Cautions regarding Forward Looking Statements:

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on Broadcom and AMDs respective current expectations, estimates and projections about their respective industry and businesses, respective management's beliefs, and certain assumptions made by Broadcom and AMD, all of which are subject to change. Forward-looking statements can often be identified by words such as aims, "anticipates," becoming, "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," targeted similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, references to the anticipated benefits to Broadcom related to its acquisition of AMDs DTV business, the expected market and demand for DTV products, the expected completion and timing of the transaction, potential accounting charges taken by Broadcom, and references to the anticipated benefits to AMD relating to the transaction. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially and adversely from those expressed in any forward-looking statement.

Important factors that may cause such a difference for Broadcom in connection with the acquisition of AMDs DTV business include, but are not limited to,

  • the ability of the parties to successfully consummate the transactions contemplated by the asset purchase agreement and related transaction documents,
  • unexpected variations in market growth and demand for the DTV products and technologies,
  • the risks inherent in acquisitions of technologies and businesses, including the timing and successful completion of technology and product development through volume production,
  • integration issues,
  • costs and unanticipated expenditures,
  • changing relationships with customers, suppliers and strategic partners,
  • potential contractual, intellectual property or employment issues,
  • the risk that anticipated benefits of the acquisition may not be realized, and
  • accounting treatment and charges.

Additional factors that may cause Broadcom's actual results to differ materially from those expressed in forward-looking statements include, but are not limited to the list that can be found at http://www.broadcom.com/press/additional_risk_factors/Q32008.php.

Important factors that may cause such a difference for AMD in connection with the sale of its DTV business include, but are not limited to,

  • the ability of the parties to successfully consummate the transactions contemplated by the asset purchase agreement and related transaction documents,
  • the successful fulfillment (or waiver) of all conditions included in the asset purchase agreement, including the possibility that there may be unexpected delays in obtaining required regulatory approvals and completing SEC required financial audits,
  • actions that may be taken by the competitors, customers and suppliers of Broadcom or AMD that may cause the transaction to be delayed or not completed,
  • the possibility that the revenues, cost savings, growth prospects and any other synergies expected from the proposed transaction may not be fully realized by AMD or may take longer to realize than expected,
  • changing relationships with customers, suppliers and strategic partners,
  • delays associated with transitioning the DTV business, including employees and operations, after the transaction is completed.




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