AMD Reports Third Quarter Results (Revenue up 14%)

Current Outlook

AMDs 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.

Third quarter 2008 revenue was $1.585 billion, not including process technology license revenue. In light of the current macroeconomic conditions, AMD expects fourth quarter 2008 revenue from continuing operations to be roughly flat to that number.

Additional Highlights

  • As the cornerstone of its Asset Smart strategy, AMD and the Advanced Technology Investment Company (ATIC) of Abu Dhabi announced an agreement to create a U.S.-headquartered, leading-edge semiconductor manufacturing company to address growing demand for independent foundry production capabilities. The new global company will serve this need by combining advanced process technology, industry-leading manufacturing facilities and aggressive plans to expand its global capacity footprint.
  • AMD announced that Mubadala Development Corporation will increase its stake in AMD from 8.1 percent to 19.3 percent of outstanding shares on a fully diluted basis through the purchase of 58 million newly issued shares and warrants for 30 million additional shares.
  • AMD introduced the entire ATI Radeon HD 4000 family of graphics cards with 10 new products spanning all market segments. From the ATI Radeon HD 4870 X2, the world's fastest graphics card designed for the ultra-enthusiast, to the ATI Radeon HD 4350 providing a great visual experience for the value-minded market. AMD also strengthened its workstation graphics product offerings with the introduction of two new ATI FirePro graphics products.
  • Dell and HP introduced new quad-core server platforms designed specifically to take advantage of the virtualization performance advantages of the quad core AMD Opteron processor.
  • AMD expanded its desktop consumer and commercial processor line-up, introducing:
  • Six new desktop processors, including three quad-core and three triple-core processors;
  • Four new AMD Business Class processors, extending the B-series product offerings to a total of 11 processors that support the essential security and manageability requirements of business users.
  • Acer, Dell, NEC, Samsung, Toshiba, and others introduced new notebook systems powered by the recently introduced AMD Turion X2 Ultra notebook platform.
  • 10 of the largest motherboard partners introduced new products based on the AMD 790GX desktop chipset, delivering best-in-class 3D graphics performance, enhanced scalability and stability for high-performance gaming and multimedia.
  • AMD launched a new corporate brand campaign under a new tagline, " The Future is Fusion." The campaign focuses on how the unique AMD combination of technologies, coupled with close relationships with computer manufacturers and a deep understanding of customer needs, results in exciting next-generation capabilities and experiences at work, at home, and at play.

AMD Teleconference

AMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its third quarter financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its Web site at www.amd.com. The webcast will be available for 10 days after the conference call.

About AMD

Advanced Micro Devices (NYSE:AMD) is an innovative technology company dedicated to collaborating with customers and partners to ignite the next generation of computing and graphics solutions at work, home and play. For more information, visit http://www.amd.com .

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