Phil has the rare ability to rapidly integrate new technologies into high-value products. We're thrilled to have a technologist and business leader of his caliber join AMD.

It does have some ability to create incremental value by getting to non-GM customers and dealers.

The record breaking earnings and production results are indicative of the company's ability to deliver value through successful acquisitions.

We decided to take an offensive stance relative to our pricing...in order to increase the size of our footprint in the marketplace.

Our manufacturing strategy execution continues to be flawless. The increased capacity provided by Fab 36 will contribute to our goal of doubling total production by 2008.

I'm honored and excited to assume this new leadership role at AMD. During my time at AMD, we've overcome many hurdles to become a driving force in the microprocessor industry. Still, more challenges and opportunities are ahead of us, and I plan to help AMD capitalize on those opportunities to change the competitive dynamics of the microprocessor industry and continue our sustained growth. My new position also gives Hector more bandwidth to focus on leading the company as CEO.