Empresas y finanzas

AMD's Acquisition of ATI Receives Ontario Superior Court Approval



    Advanced Micro Devices, Inc. (NYSE:AMD) and ATI Technologies Inc.
    (TSX:ATY) (NASDAQ:ATYT) today announced that the Ontario Superior
    Court of Justice has issued the final order approving the arrangement
    under which all of ATI's outstanding common shares will be acquired by
    an indirect wholly owned subsidiary of AMD. The proposed acquisition,
    announced on July 24, 2006, is expected to be completed during the
    week of October 23, subject to satisfaction or waiver of customary
    closing conditions.

    About AMD

    Advanced Micro Devices (NYSE:AMD) is a leading global provider of
    innovative microprocessor solutions for computing, communications and
    consumer electronics markets. Founded in 1969, AMD is dedicated to
    delivering superior computing solutions based on customer needs that
    empower users worldwide. For more information visit www.amd.com.

    About ATI

    ATI Technologies Inc. is a world leader in the design and
    manufacture of innovative 3D graphics, PC platform technologies and
    digital media silicon solutions. An industry pioneer since 1985, ATI
    is the world's foremost graphics processor unit (GPU) provider and is
    dedicated to deliver leading-edge performance solutions for the full
    range of PC and Mac desktop and notebook platforms, workstation,
    set-top and digital television, game console and handheld device
    markets. With fiscal 2005 revenues of US $2.2 billion, ATI has
    approximately 4,000 employees in the Americas, Europe and Asia.

    Safe Harbor Statement

    This release contains forward-looking statements, which are made
    pursuant to the safe harbor provisions of the U.S. Private Securities
    Litigation Reform Act of 1995. Forward-looking statements are commonly
    identified by words such as "proposed," "may," "expected," and other
    terms with similar meaning. Forward-looking statements are based on
    current beliefs, assumptions and expectations and speak only as of the
    date of this release and involve risks and uncertainties that could
    cause actual results of AMD, ATI or the combined company to differ
    materially from current expectations. The material factors and
    assumptions that could cause actual results to differ materially from
    current expectations include, without limitation, the following:
    revenue, cost savings, growth prospects and any or other synergies
    expected from the proposed transaction may not be fully realized or
    may take longer to realize than expected; the transaction may not be
    accretive as expected; AMD or the combined company may not achieve any
    year-end or longer-term targeted gross margins, research and
    development expenses, selling, general or administrative expenses,
    operating margins, capital structure or debt-to-capitalization ratio;
    AMD or the combined company may require additional capital and may not
    be able to raise sufficient capital, on favorable terms or at all;
    delays associated with integrating the companies, including employees
    and operations; the possible impairment of goodwill and other
    long-lived assets resulting from the transaction and the resulting
    impact on the combined company's assets and earnings; unexpected
    variations in market growth and demand for the combined company's
    products and technologies; rapid and frequent technology changes in
    the computing and consumer electronics segments; potential constraints
    on the ability to develop, launch and ramp new products on a timely
    basis; research and development costs associated with the development
    of new products and other factors that may affect future results of
    the combined company described in the section entitled "Risk Factors"
    in the management information circular that was mailed to ATI's
    shareholders and in AMD and ATI's filings with the U.S. Securities and
    Exchange Commission ("SEC") that are available on the SEC's web site
    located at http://www.sec.gov, including the section entitled "Risk
    Factors" in AMD's Form 10-Q for the fiscal quarter ended July 2, 2006
    and the section entitled "Risks and Uncertainties" in Exhibit 1 to
    ATI's Form 40-F for the fiscal year ended August 31, 2005. Please see
    Item 3.12 "Narrative Description of the Business - Risks and
    Uncertainties" in ATI's 2005 Annual Information Form and the Risks and
    Uncertainties section of ATI's annual MD&A on page 30 of ATI's 2005
    Annual report filed on the SEDAR website maintained by the Canadian
    Securities Administrators at http://www.sedar.com. Readers are
    strongly urged to read the full cautionary statements contained in
    those materials. We assume no obligation to update or revise any
    forward-looking statement, whether as a result of new information,
    future events or any other reason.