AMD Announces Completion of Sale of Vantis.SUNNYVALE, Calif.--(BUSINESS WIRE)--June 15, 1999-- Advanced Micro Devices Inc. (NYSE NYSE See: New York Stock Exchange : AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ) today announced the completion of the sale of Vantis Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AMD, to Lattice Semiconductor Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : LSCC). The parties signed the definitive purchase agreement for the sale of Vantis Corporation to Lattice on April 21, 1999. AMD received approximately $500,000,000 in cash from Lattice as consideration for the sale, subject to certain adjustments. About AMD AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces processors, flash memories and products for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.5 billion in 1998. Note to Editors: AMD is a trademark of Advanced Micro Devices, Inc. |
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