AMD will Retain its Network Products Division

AMD will Retain its Network Products Division

SUNNYVALE, CA -- 3/30/2000 -- AMD announced today that it will retain its Network Products Division, which supplies integrated circuits for data communications and computer connectivity. The company said that Donaldson, Lufkin, & Jenrette and Salomon Smith Barney remain engaged for the purpose of selling the assets of its Communications Products Division, which provides integrated circuits for telecommunications infrastructure applications. The Communications Products Division and the Network Products Division currently comprise the Communications Group.

The company said it reevaluated its plans to sell the product lines of the Network Products Division in light of growing demand for processor-centric integrated solutions for high-performance networking applications and Internet access.