AMD Announces Completion of Sale of its Communication Products Division

AMD Announces Completion of Sale of its Communication Products Division

SUNNYVALE, CA -- 8/4/2000 -- 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