AMD Reports Fourth Quarter and Annual Results

Current Outlook

AMD’s outlook statements are based on current expectations of its continuing operations. The following statements are forward looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below.

In light of the current macroeconomic conditions, very limited visibility and continued corrections in the supply chain, AMD expects first quarter 2009 revenue to decrease from the fourth quarter 2008.

Additional Highlights

  • The formation of ‘The Foundry Company’ remains on track to close in February. AMD and the Advanced Technology Investment Company (ATIC) obtained clearance from the Committee on Foreign Investment in the United States ("CFIUS") regarding the creation of “ The Foundry Company”. In addition, the Empire State Development Corporation and the New York Public Authorities Control Board approved the transfer of development incentives from AMD to “The Foundry Company.”
  • AMD announced the widespread availability and broad OEM, ISV, channel and system builder support for its 45nm Quad-Core AMD Opteron™ processor. HP, Dell, IBM and Sun Microsystems introduced more than a dozen new systems designed to take advantage of the new Quad-Core AMD Opteron™ processor’s superior virtualization performance, energy-efficiency and platform stability. Additionally, Microsoft® selected the new AMD processor for its Windows® Azure™ cloud computing service.
    • Quad-Core AMD Opteron processor-based servers captured the top VMmark virtualization performance scores for 2-, 4- and 8-socket servers while two-socket servers based on the new processor have achieved the four highest SPECweb2005 scores. SPECweb2005 is a leading performance indicator for Web 2.0 and Cloud Computing environments.
  • AMD Opteron processors now help drive seven of the Top 10 supercomputer systems in the world, including “ Jaguar,” the first ever wholly x86-based supercomputer to achieve the petaflop performance milestone.
  • AMD announced the availability of the AMD platform for ultrathin notebooks, codenamed “ Yukon”, based on the new A MD Athlon™ Neo processor, ATI Radeon™ X1250 integrated graphics and optional ATI Mobility Radeon™ HD 3410 discrete graphics. The first product offering based on the Yukon platform will be the HP Pavilion dv2 Entertainment Notebook PC, which was named “Best Notebook of CES” by Laptop magazine and is expected to be available in April.
  • AMD launched the “Dragon” platform for desktop PCs, featuring the new AMD Phenom™ II X4 processor. HP, Dell and Alienware plan to offer desktop systems based on the Dragon platform in the first quarter.
  • AMD continued to strengthen its leading-edge mobile graphics portfolio, with the introduction of the ATI Mobility Radeon 4000, the world’s first TeraFLOPS class visual compute power in a notebook. Asus, MSI and Toshiba all introduced new ATI Mobility Radeon 4000-powered laptops. Additionally, Alienware and OCZ both released notebooks utilizing AMD’s CrossfireX™dual-GPU configurations based on the ATI Radeon HD 3800 series.
  • AMD expanded ATI Radeon™ HD 4800 series with the launch of the ATI Radeon HD 4830, which delivers exceptional game performance and is designed for an expanded PC gaming market segment.
  • AMD announced plans to create, in partnership with OTOY, the “ AMD Fusion Render Cloud”, a petaFLOPS-class supercomputer designed to process and electronically distribute HD video and gaming content to thin clients and handheld devices via HTML browsers when completed in the second half of 2009.
  • As part of the Company’s strategy to focus on x86 computing and graphics technologies, AMD completed the sale of its Digital TV (DTV) processor business to Broadcom Corporation for $141.5 million in cash and the sale of technology assets, intellectual property and resources that formed the basis of its Handheld business to Qualcomm for $65 million in cash.

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