Founded in 1969 and based in Sunnyvale, California, AMD (NYSE: AMD) is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia. AMD, a Standard & Poor’s 500 company, produces microprocessors, Flash memory devices, and silicon-based solutions for communications and networking applications.

http://www.amd.com

AMD Reports Fourth Quarter and Annual Results
– Fourth Quarter Microprocessor Unit Shipments Set New Record, Increasing 26 Percent Year-Over-Year and 19 Percent Sequentially – 
– Fourth Quarter Mobile Processor Revenue Increased 85 Percent Year-Over-Year and 41 Percent Sequentially–
SUNNYVALE, Calif. -- January 23, 2007 --AMD (NYSE: AMD) today reported financial results for the quarter ended December 31, 2006. As a result of AMD’s acquisition of ATI, fourth quarter financial results include the results of the former ATI operations1 beginning October 25, 2006. Because comparison of fourth quarter consolidated financial results to previous periods do not correlate directly, AMD has provided non-GAAP financial measures for AMD’s historical business (pre-acquisition AMD). Management believes this non-GAAP presentation will aid investors by presenting current and historical results in a form that makes it easier to compare current period results with historical results. 
AMD reported fourth quarter 2006 revenue of $1.77 billion, an operating loss of $527 million, and a net loss of $574 million, or $1.08 per share. These results include acquisition-related and integration charges of $550 million, or $1.04 per share, and $27 million of employee stock-based compensation expense, or $0.05 per share. 

AMD Completes ATI Acquisition and Creates Processing Powerhouse 
Focused to Drive Innovation, Choice and Growth in the Industry with First Platform Solutions in 2007
Unveils "Fusion" Initiative for Industry's First Integrated CPU/GPU Silicon Solutions 
SUNNYVALE, CALIF. -- October 25, 2006 -- AMD (NYSE:AMD) today announced the completion of its approximately $5.4 billion acquisition of ATI Technologies Inc. Combining the complementary strengths of the two technology leaders, the new AMD opens for business as a processing powerhouse committed to driving innovation, choice and growth in the technology industry. With approximately 15,000 employees, the company merges AMD's technology leadership in microprocessors together with ATI's leadership in graphics, chipsets and consumer electronics. 
"Today marks a historic day for our employees, our partners and our customers as we officially welcome ATI into the AMD family," said AMD Chairman and CEO Hector Ruiz. "On day one, we are delivering a winning set of complementary technologies, igniting a new level of innovation and continuing to champion choice for the industry. Thanks to the strength of our talented employees, the new AMD now has a full range of intellectual property (IP) in microprocessors, graphics, chipsets and consumer electronics to deliver open platforms and integrated solutions. In the near term, customers gain a new level of choice, and in the long term, we believe the possibilities for innovation are truly limitless." 
Transaction Details
Under the terms of the transaction, AMD acquired all of the outstanding common shares of ATI for a combination of approximately $4.3 billion in cash and 58 million shares of AMD common stock, based on the number of shares of ATI common stock outstanding on October 24, 2006. All outstanding options and restricted stock units (RSUs) of ATI were assumed. The value of the ATI acquisition of approximately $5.4 billion is based upon the closing stock price of AMD common stock on October 24, 2006 of $20.32 per share and excludes the value of assumed equity awards. AMD financed the cash portion of the transaction with a combination of cash and new debt. AMD obtained a $2.5 billion term loan from Morgan Stanley Senior Funding, Inc., which, together with combined existing cash, cash equivalents, and marketable securities balances of approximately $1.8 billion, provided full funding for the transaction. 

AMD Reports First Quarter Results
– First Quarter EPS of $0.38 Driven by Record Sales of AMD Opteron™ Processors and Record Gross Margin – 
SUNNYVALE, Calif. -- April 12, 2006 --AMD (NYSE: AMD) today reported sales of $1.33 billion, operating income of $259 million, and net income of $185 million, or $0.38 per share for the quarter ended March 26, 2006. These results include a stock-based compensation expense of $15 million due to the implementation of SFAS 123(R) and an expense of $20 million associated with the partial redemption of senior notes. 
In the first quarter of 2005, excluding the Memory Products segment1, AMD reported sales of $780 million and operating income of $64 million. In the fourth quarter of 2005, AMD reported sales of $1.35 billion and operating income of $268 million.
  Change   Q1-06  Q4-05  Q1-05  Q1-06 vs Q4-05  Q1-06 vs Q1-05 
Net sales (billions) $1.33  $1.35  $0.78  (1.5)%  70.5% 
Operating Income (millions) $259  $268  $64  (3.4)%  304.7% 
Gross Margin (percent)  58.5%  57.3%  52.7%  1.2%  5.8% 
“AMD had another great quarter,” said Robert J. Rivet, AMD’s chief financial officer. “Building on our positive momentum, we believe we once again gained dollar market share based on strong customer demand for AMD64 single and multi-core processors. We expanded our global customer base in the quarter, achieved record AMD Opteron processor sales, increased our average selling price (ASP), and realized year-over-year sales growth of 71 percent. Our manufacturing strategy execution was excellent and our technology transitions remain on track, with 65nm production shipments expected in the second half of 2006.
“We also continued to execute against our plans to improve our balance sheet. We had a successful equity offering, reduced debt and lowered our debt-to-capital ratio to 12 percent2.”
First quarter gross margin increased to a record 58.5 percent, compared to 57.3 percent in the fourth quarter of 2005. The increase was largely due to product mix improvement, higher desktop and mobile ASPs, and manufacturing efficiencies. Operating income was $259 million in the first quarter, up from $64 million in the first quarter of 2005 and down slightly from $268 million in the fourth quarter of 2005.
Solid first quarter sales were driven by ASP improvements from the prior quarter and increasing customer adoption of AMD’s server, mobile and desktop offerings in the commercial segment. Record AMD Opteron processor sales were driven, in particular, by strong demand for dual-core processors for servers and workstations. Shipments of AMD Turion 64™ mobile processors also increased quarter-on-quarter. Geographically, processor sales were especially strong in Greater China, Latin America, Russia and South Asia. 
ADDITIONAL HIGHLIGHTS 
FORTUNE magazine ranked AMD as a Top 10 “Most Admired Company” for Innovation in 2005 and the leader in the category of innovation among semiconductor companies in 2005. 
The AMD64 platform has earned more than 200 global industry awards. In the first quarter, AMD added 26 awards, including: 2005 Reader’s Choice Award for Best Processor Architecture from Tom’s Hardware for the AMD Athlon™ 64 X2 processor and Best Server Processor of 2005 from In-Stat MDR for the Dual-Core AMD Opteron processor. 
More than 50 percent of the top 500 of the Forbes Global 2000 companies or their subsidiaries use AMD64 processor-based systems. Recent additions include China State Power, Continental AG, Enbridge, Inc., Fiat, Marathon Oil Corporation, Mitsubishi UFJ Financial Group, Mohawk Industries, Inc., New York Times Company and the Philadelphia Stock Exchange, amongst others. 
As planned, Fab 36 commenced shipments of AMD64 processors at the end of March and the fab is already demonstrating mature yields. 
Customers and partners worldwide continue to expand the depth and breadth of their AMD64 commercial product offerings. 
HP, IBM and Sun Microsystems incorporated AMD’s newest AMD Dual-Core Opteron™ processors into their server offerings. 
Lenovo and AMD broadened their global relationship with the worldwide launch of a new line of commercial client PCs from Lenovo. These new AMD64 offerings build on the considerable success AMD and Lenovo have shared in China during the past two years. 
Supermicro Computer, Inc, Tyan Computer Corporation and Uniwide Technologies, Inc. joined AMD’s Validated Server Program (VSP) which ensures solution providers have direct access to qualified, reliable, stable and well-supported AMD64 server solutions. 
The AMD Commercial Systems Channel Program now includes more than 20,000 channel sales and technical representatives worldwide. 
AMD broadened its family of product offerings in the quarter, launching five Dual-Core AMD Opteron processors, two AMD Turion 64 processors, the AMD Athlon 64 FX-60 dual-core processor, and three AMD Sempron™ processors for mobile and desktop computing. 
AMD’s standards-based and collaborative approach to technology development continued with the release of AMD’s open I/O virtualization technology specification through royalty-free licenses.