Phoenix and AMD Announce Extended Strategic Technology Relationship

Phoenix and AMD Announce Extended Strategic Technology Relationship

SAN JOSE, CA -- 3/16/1999 -- Phoenix Technologies Ltd. (NASDAQ: PTEC), the global leader in foundation and connectivity IP software, and AMD today announced an expanded strategic technology relationship. The two companies plan to jointly develop software-enabling technologies and products for use with current and future AMD solutions, including processors, core logic, peripherals and network interface cards (NIC).

Phoenix has previously supported AMD's integrated circuits. This new agreement, which formalizes and expands the cooperative relationship between Phoenix and AMD, extends the presence of both companies in the desktop and portable PC markets. In addition, the agreement is planned to address new areas, such as high-performance server and workstation systems based upon the AMD-K7™ processor, and internetworking, telecommunications and industrial control solutions.

"This agreement extends the technology relationship between AMD and Phoenix into new markets where AMD plans to see significant growth in the coming years," said Ned Finkle, director of Infrastructure Technology and Development at AMD. "Our relationship with Phoenix allows us to continue offering the most innovative system hardware and software solutions to our mutual customers."

"Extending our relationship with AMD is beneficial to both companies," said Laurent Gharda, vice president of marketing, Phoenix Technologies. "This agreement not only allows for quicker time-to-market for the upcoming AMD-K7 processor, it also provides a framework for joint development on future technologies and standards."

About Phoenix
Phoenix Technologies is the world's leading supplier of standards-based foundation software and semiconductor IP for computers, information appliances and other connected information platforms. Phoenix software products are fundamental to the operation of hundreds of millions of electronic devices in use each day, including PCs, peripherals, mobile communications devices, telecommunications switches, consumer electronics products, industrial controllers and Internet appliances. Phoenix's solutions enable OEMs to reduce time-to-market and increase product differentiation, while optimizing their engineering resources by licensing the Company's advanced software and integration services. Founded in 1979, Phoenix Technologies Ltd. is a publicly traded international company headquartered in San Jose, California, USA.

About AMD
AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces processors, flash memories, programmable logic devices, and products for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.5 billion in 1998. (NYSE: AMD).