<PAGE>
EXHIBIT 99
CONTACTS:
For AMD
John Greenagel
Strategic Communications
(408) 749-3310
For Legerity
Jose Villasenor
Ketchum Public Relations
214-259-3426
AMD ANNOUNCES COMPLETION OF SALE OF ITS COMMUNICATION PRODUCTS DIVISION
SUNNYVALE, CA-August 4, 2000-Advanced Micro Devices (NYSE: AMD) today announced
the completion of the sale of 90 percent of AMD's Communication Products
Division for approximately $375 million in cash. AMD has retained a 10 percent
ownership interest in the business and also has a warrant to acquire
approximately an additional 10 percent. The parties signed the definitive
agreements for the sale of the Communication Products Division to Francisco
Partners, LP on May 21, 2000. The new entity will do business under the name of
Legerity, Inc.
About AMD
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 produces microprocessors, flash memory
devices, and support circuitry for communications and networking applications.
Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.9
billion in 1999. (NYSE: AMD).
WORLD WIDE WEB: Press announcements and other information about AMD are
available on the Internet via the World Wide Web. Type http://www.amd.com at
------------------
the URL prompt.
NOTE TO EDITOR: Readers may obtain additional information by calling 1-800-222-
9323 or 408-749-3060. Technical Support Email: [email protected]
AMD, the AMD logo, and combinations thereof are trademarks of Advanced Micro
Devices, Inc. in the United States and other jurisdictions.
