--Senior unsecured debt upgraded to 'B-/RR4' from 'CC/RR6'.

Fitch also has revised the Rating Outlook on AMD to Positive from Negative.

Fitch expects to rate the proposed private placement of $500 million of 8.125% senior unsecured notes due 2017 at 'B-/RR4'.

Approximately $2.8 billion of rated debt securities, pro forma for AMD's proposed net debt reduction initiatives, are affected by Fitch's actions.

The revision of the Outlook to Positive from Negative reflects:

--AMD's anticipated receipt of $1.25 billion of cash from Intel Corp. (Intel) as part of the companies' recent litigation settlement. Importantly, the agreement paves the way for AMD to significantly reduce its ownership stake in GLOBALFOUNDRIES (GF), its foundry joint venture, and, in conjunction with the consummation of Advanced Technology Investment Corporation's (ATIC) proposed acquisition of Chartered Semiconductor Manufacturing Ltd., deconsolidate GF's financial results over the near term. The agreement also enables AMD to pursue alternate manufacturing sources for its microprocessors.

--Expected net debt reduction of up to $890 million funded with a portion of the settlement proceeds and approximately $439 million of net proceeds from its private placement of $500 million of senior notes maturing in 2017. AMD announced the redemption of $390 million of 7.75% senior notes due 2012 at 101.938% of par and tender for up to $1 billion of 5.75% convertible senior notes due 2012 at 99% of par, potentially materially reducing its aggregate 2012 debt maturities by approximately $1.4 billion to $485 million. The tender offer expires on Dec. 16, 2009 and is conditional upon closing the $500 million senior note offering.

--The Positive Outlook reflects the potential for further meaningful debt reduction outside of what has already been announced, given that total pro forma debt levels remain substantial.

--Fitch's expectations for AMD's modestly improved operating performance over the near term, driven primarily by recent cost reduction initiatives and a stabilizing personal computer (PC) demand environment.

--Strengthened credit protection measures over the near term from currently extremely weak levels. Pro forma for the debt reduction and Fitch's expectations for the continuation of modestly improved operating trends, Fitch believes consolidated AMD could exit 2009 with total leverage (total debt-to-operating EBITDA) of approximately 13 times (x) and interest coverage (operating EBITDA-to-gross interest expense) approaching 1x. Fitch estimates total leverage for the AMD product company (AMD PC), which excludes the operating results of GF, may decline to just over 10x with interest coverage increasing to almost 1x.

Aside from the aforementioned cash payment, the terms of AMD's litigation settlement with Intel:

--Provide for both companies abandoning all outstanding litigation claims against one another;

--Restricts Intel from engaging in certain anti-competitive commercial practices, which Fitch believes is unlikely to meaningfully alter the industry's current competitive dynamics;

--Extends Intel's and AMD's microprocessor (MPU) patent cross-license agreement that was set to expire in 2011; and

--Expands AMD's application of the patent licensing agreement to include use by AMD subsidiaries, including GF.

Positive rating actions could result from further debt reduction driven by stronger than anticipated free cash flow or meaningful diversification of GF's customer base, thereby reducing AMD's ownership of GF and leading to de-consolidation. Negative rating actions could result from substantial free cash flow usage by AMD PC, likely as the result of further meaningful microprocessor market share losses to Intel or material delays in introducing new products.

Pro forma for the consummation of AMD's net debt reduction initiatives, liquidity as of Sept. 30, 2009 was sufficient, consisting solely of approximately $2.9 billion of cash and cash equivalents, of which approximately $1.9 billion was attributable to AMD PC. AMD does not have a revolving bank credit facility at present. While Fitch estimates consolidated free cash flow for 2009 will likely be negative $750 million to negative $1 billion, free cash flow for AMD PC could be nearly break even for the year. Negative free cash flow at GF is expected to be funded by capital contributions from AMD's JV partner, ATIC. ATIC has committed to funding capital expenditures at GF for the expansion of a fabrication facility in Dresden, Germany and construction of a new fabrication facility in upstate New York. AMD has the option but not obligation to meet a portion of these capital calls. While Fitch expects consolidated free cash flow will also be meaningfully negative in 2010, AMD PC's annual free cash flow could be modestly positive, given Fitch's expectations for higher profitability and $260 million of currently budgeted capital expenditures for next year.

Pro forma for the proposed debt reduction initiatives, AMD's total consolidated debt as of Sep. 30, 2009, was approximately $4.6 billion. Approximately $2.8 billion was attributable to AMD PC, and consisted of:

--The proposed issuance of $500 million of 8.125% senior unsecured notes due 2017;

--$485 million of 5.75% senior unsecured convertible notes due 2012;

--Approximately $1.8 billion of 6% senior unsecured convertible notes due 2015; and

--Capital lease obligations of approximately $31 million.

Approximately $1.8 debt was attributable to GF, including:

--Approximately $527 million of obligations under the fab 36 term loan due 2011;

--Capital lease agreements related to energy supply in Dresden, Germany totaling approximately $232 million;

--$202 million of 4% convertible subordinated notes held by ATIC; and

--$807 million of 11% convertible subordinated notes held by ATIC.

The Recovery Ratings (RR) for AMD incorporate Fitch's treatment of AMD PC and GF on a consolidated basis at present, given the significant degree of inter-dependence between the companies. Nonetheless, Fitch believes the recovery ratings for standalone AMD PC would be substantially similar. The ratings reflect Fitch's belief that AMD would be reorganized rather than liquidated in a bankruptcy scenario, given Fitch's estimates that the company's reorganization value of approximately $2.5 billion exceeds a projected liquidation value of approximately $950 million. Furthermore, Fitch believes AMD's recent litigation settlement agreement with Intel supports its role as a viable alternative microprocessor supplier to Intel and, therefore, reorganizing rather than liquidating AMD in a bankruptcy scenario. To arrive at a reorganization value, Fitch assumes a 5x reorganization multiple, and applies it to its estimate of distressed operating EBITDA of $500 million, resulting in an adjusted reorganization value of $2.25 billion after subtracting administrative claims.

Based upon these assumptions, and given the approximately $790 million of secured unrated borrowings related to Fab 36 and capital leases, recovery at the low end of (51%-70%) would be available for the approximately $2.8 billion of senior unsecured debt (pro forma for the aforementioned $890 million of net debt reduction initiatives). While this range is normally associated with 'RR3' ratings, Fitch rates the senior unsecured debt at 'RR4', indicating average recovery prospects, given the considerable risks to AMD growing operating EBITDA to $500 million from an estimated $182 million for the latest 12 months ended Sept. 30, 2009.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

SOURCE: Fitch Ratings

Fitch Ratings, New York 
Jason Pompeii, +1-312-368-3210 
Nick P. Nilarp, CFA, +1-212-908-0649 
Cindy Stoller, +1-212-908-0526 (Media Relations) 
cindy.stoller@fitchratings.com

"Ed Ekstrom is a very capable and proven business leader and board member, and we are lucky to have him join us. His experience as an executive with top-level companies like Intel and HP will prove to be beneficial as ZAGG moves to the NASDAQ," said Robert G. Pedersen II, President and CEO of ZAGG. "I have seen Ed work on very large deals, and I know that his keen business acumen and extensive contacts will open doors and help drive ZAGG's continued growth."

"I am joining ZAGG when Robert has already assembled a dynamic board, a world-class executive team, and a dedicated and talented group of middle managers and individual contributors," said Mr. Ekstrom. "The ZAGG team has demonstrated through results their skill and commitment at building a highly successful globally relevant company. I'm thrilled to be associated with ZAGG and look forward to actively participating in ZAGG's bright future."

New ZAGG Board of Directors member Ed Ekstrom, at a glance:

-- Joined vSpringCapital as a founding Partner in 2001

-- A technology pioneer, Mr. Ekstrom is currently Chairman of the Technology Advisory Board for the State of Utah, and is also a former chairman of the Utah Technology Council

-- Vice President over the Intel Communications Products Group, managing over a billion dollars, and General Manager of the Intel Utah Software Development Center from 1991-2001

-- Vice President and General Manager of the Software Business Unit at LANSystems prior to its acquisition by Intel in 1991

-- Founder and COO/CFO of CeriSyn

-- Founder of Cericor prior to its acquisition by Hewlett-Packard, then worked as an executive at HP from 1985-1989

-- Has served on multiple boards of both private and public companies

-- Holds a BS in Computer Science from Brigham Young University and a MBA from Westminster College

For more information on ZAGG's Board of Directors, please visit www.ZAGG.com/company/board_of_directors.php. For more information about ZAGG or any of its product lines, please visit www.ZAGG.com.

About ZAGG Inc.:

ZAGG Inc. designs, manufactures, and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide under the brand names invisibleSHIELD(TM) and ZAGGaudio(TM). ZAGG has also introduced beta testing of AppSpace.com, an online destination for the fast-growing mobile app market, combined with the networking power of social media. The invisibleSHIELD is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD application of clear protective film covering a device is the first scratch protection solution of its kind on the market, and has sold millions of units. Currently, ZAGG offers over 3,000 precision pre-cut designs with a lifetime replacement warranty through online channels, big box retailers like Best Buy, resellers, college bookstores, Mac stores and mall kiosks. The company continues to increase its product lines to offer additional electronic accessories and services to its tech-savvy customer base. For more product or investor information please visit the company's web site at www.ZAGG.com.

Safe Harbor Statement:

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in filings made by the company with the Securities and Exchange Commission.

SOURCE: ZAGG Inc.

ZAGG Inc. 
Media: 
Nathan Nelson, 801-263-0699 ext. 107 
nnelson@zagg.com 
Investor Relations: 
Brandon O'Brien, CFO, 801-263-0699, ext. 122 
brandon@zagg.com

The new Global Sponsors for the 2010 Global LBS Challenge include:

DigitalGlobe - a leading global provider of commercial, high-resolution earth imagery products and services

As a Global Sponsor, DigitalGlobe (http://www.digitalglobe.com) will provide contestants with access to an online ImageLibrary of continually updated, high-resolution satellite and aerial imagery designed to integrate seamlessly with NAVTEQ(R) map data. Sourced from its own advanced satellite constellation, DigitalGlobe's imagery solutions support a wide variety of defense, commercial and navigation applications. DigitalGlobe's contributions to the global prize pool are 12-month ImageLibrary subscriptions for the Grand Prize Winners, and 6-month subscriptions for the two Runners-Up in each region, worth a total of $500,000. Through the Global LBS Challenge, DigitalGlobe aims to encourage image-rich applications that deliver the real world perspective.

Intel - providing support to developers of next-generation applications

Intel will support the 2010 Global LBS Challenge with SDKs, technical support and Intel(R) Atom(TM) processor based devices. Intel encourages developers to build innovative applications for next generation handhelds and Netbooks based on the Intel(R) Atom(TM) processor and Linux-based Moblin(TM) OS (www.moblinzone.com). This will allow developers to take advantage of premium PC like performance and deploy rich, innovative and engaging applications such as 3D navigation and augmented reality on a variety of designs. As a Global Sponsor, Intel will provide qualifying finalists from each region with a choice of a Netbook or a handheld.

Microsoft Corporation - providing enterprise-level support for building map-based solutions using Bing Maps

Microsoft will support the competition by giving all contestants access to rich tool sets, user forums and support for building map-based solutions through Bing Maps for Enterprise (www.microsoft.com/maps). The Bing Maps platform is supported by flexible APIs for developers to design and build customized, immersive end-user experiences. As a Global Sponsor, Microsoft will offer complimentary licenses to all finalists and winners to use the Bing Maps platform for their commercial applications, at a value in total of $1 million US. Microsoft will provide each Grand Prize Winner with $50,000 US worth of Bing Maps licenses, the two Runners-Up in each region $30,000 worth of licenses as well as $10,000 worth of licenses to all finalists.

The new Regional Sponsors include:

Alcatel-Lucent - a leading provider of telecom hardware, software, solutions and services fostering new business models between service providers and Web 2.0 application developers

As a Regional Sponsor for North America, Alcatel-Lucent (http://www.alcatel-lucent.com) is a leader in providing developers with seamless, secure access to the unique capabilities of service provider networks helping them create 'mash up' applications combining telecom functionality with Web-based capabilities. Alcatel-Lucent is providing 12 finalists with 6 months of free access to its Open API Service (http://developer.openapiservice.com), bringing developers and service providers together seamlessly for rapid creation and testing of innovative applications. Prizes - totaling $50,000 US - include up to 10,000 free high-accuracy location queries per month, along with technical support from Alcatel-Lucent to facilitate the use of the Open API Service in conjunction with NAVTEQ map data.

AtlasCT - previous Global LBS Challenge finalist, developer and provider of worldwide location-based solutions offering SDKs for web and mobile platforms

AtlasCT (www.atlasct.com) is a regional sponsor of the NAVTEQ Global LBS Challenge in Europe, Middle East & Africa (EMEA) and North America regions, offering contestants its Atlas Mobile SDK including the Navigation and Multimedia packages for free. Compatible with HTC, LG, Motorola, Nokia, Samsung, Sony Ericsson and other devices, this SDK enables developers to easily create rich location-based applications within a few days. As a regional sponsor, AtlasCT will be granting a 1-year license to the Grand Prize Winners in the two regions to use the Atlas Mobile SDK, Atlas Web SDK, Atlas GIS or Atlas LBS for up to 9,000 monthly subscribers of their commercial applications, valued to in total $240,000.

NAVTEQ has been managing the Global LBS Challenge annually since 2003, recognized in the industry for stimulating innovation in location-aware applications. Conducted by NN4D across five different regions - EMEA, North America, South America, Asia-Pacific (APAC) and India - this is a world-wide competition challenging application developers around the world to build new applications using dynamic positioning technology and NAVTEQ(R) maps. In addition to the record global prize pool valued at over $10 million USD to be shared by the overall winners, "Best of" recognition awards will be awarded in nine categories to recognize achievements in particular areas.

Serving as Global Awards Sponsors will be:

Imagination Technologies - a market leader in graphics acceleration technology looking to boost development of mobile applications using 3D mapping and LBS features

Imagination Technologies and its POWERVR Insider program (http://www.powervrinsider.com) collaborates with NAVTEQ Network for Developers(TM) (NN4D) to stimulate increased developer adoption of 3D graphics in navigation and LBS. As a Global Awards Sponsor of the 2010 NAVTEQ Global LBS Challenge, Imagination will nominate the "Most Innovative Use of Graphics" from the finalists for each of the five (5) regions in the competition. The regional award winners will all receive a hot new Netbook device, half a day of dedicated technical consultancy as well as demo space in Imagination's booth at an event during 2010. A global 'Best of' winner in the category will be flown to the UK for two days of intensive support, training and fun with Imagination engineers.

Mobile Distillery - a leader in cross-platform software solutions and testing services for mobile application developers

Ensuring a mobile application to run on as many devices as possible is vital for volume business. Mobile Distillery is returning as a Global Awards Sponsor for the second year in a row and will be contributing $280,000 worth of licenses to this year's global prize pool. All runners-up and Grand Prize Winners across all five regions will receive a 6-month license to Alembic, Mobile Distillery's comprehensive device database, giving them access to thousands of fully tested characteristics on over 1,000 devices worldwide. Each Grand Prize Winner will also receive a 12-month license to Celsius, the industry leading mobile application development and porting platform, allowing them to easily target the widest range of handsets, including for example Nokia, BlackBerry(R), Samsung, Sony Ericsson, LG and Android(TM) based phones.

For more information about this year's competition, please visit www.LBSChallenge.com.

About the NAVTEQ Global LBS Challenge

First launched in 2003, the NAVTEQ Global LBS Challenge is a world-wide competition conducted by NAVTEQ Network for Developers (NN4D), daring application developers around the world to build innovative location-based services (LBS) using dynamic positioning technology and NAVTEQ maps. Integrating the accuracy and richness of NAVTEQ digital map data and LBS content facilitates the timely evolution of the next wave of location-aware applications. The Global LBS Challenge has become the premier event in the LBS industry for shining the spotlight on global LBS innovation and opportunity. Over 32% of the finalists from the past six years have gone on to receive venture capital funding or launch commercially-distributed applications. For more information on this year's competition, go to www.LBSChallenge.com.

About NAVTEQ Network for Developers

NAVTEQ Network for Developers (NN4D) is a dynamic web portal and global community that provides developers and business partners with the technical and business support needed to build, showcase and launch the most innovative location-enabled solutions. The NN4D includes resources such as mapping APIs, LBS content, point of interest data, routing information as well as geospatial platforms and tools from NAVTEQ and its partners. Members can rely on NN4D when creating GPS-based applications for the web, mobile phones, GIS and portable navigation devices that employ traffic, navigation, location content and location-based advertising for enterprise and consumer use. Connect with the people, tools and resources you need to build and market your location-enabled products by joining today at www.NN4D.com/joindevelopers.

About NAVTEQ

NAVTEQ is the leading global provider of digital map, traffic and location data that enables navigation and location-based platforms around the world. NAVTEQ supplies comprehensive digital map information to power automotive navigation systems, portable and wireless devices, Internet-based mapping applications and government and business solutions. The Chicago-based company was founded in 1985 and has approximately 4,400 employees located in 195 offices and in 44 countries.

NAVTEQ, NAVTEQ Network for Developers and Global LBS Challenge are trademarks of NAVTEQ in the U.S. and other countries. All rights reserved.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO)

SOURCE NAVTEQ

http://www.navteq.com

The Intel(R) Health Guide, Intel Corporation's next-generation personal health system, continues to win in the personal health marketplace with the addition of a new government value-added reseller (VAR) and several new customers.

GTSI Corp., an enterprise technology solutions and services provider, is the latest addition to the list of Intel Health Guide authorized resellers. In the United States, Intel has added new customers including the Veterans Affairs (VA) Rural Resource Center Western Region, Memorial Hospital and Health System in South Bend, Ind.; Nightingale Home Healthcare of Indiana, Inc.; and all seven independently owned offices of the Home Care Group. This range of customers -- from government to hospital and home health organizations -- reflects the Intel Health Guide's versatility for a variety of clinical workflows and users including chronically ill patients, clinicians and family caregivers.

The Intel Health Guide is an FDA-cleared remote patient monitoring system designed to help address the challenges of chronic conditions for patients, their family caregivers and the health care professionals responsible for their care. Health care professionals are able to customize care, gather timely information about the status of their patients, and collect and prioritize data. The Intel Health Guide offers patients an intuitive way to have timely interaction with their care providers and receive relevant self-care education, helping to minimize time-consuming and costly office visits. The system's customizable educational content capability also makes it an ideal vehicle for delivering information to support family caregivers. Patients and their health care teams can connect via multiple connectivity options including cable/DSL broadband, cellular wireless and residential phone service.

"We believe that shifting non-urgent care from the hospital to the home through technologies such as the Intel Health Guide is central to achieving a more personalized and cost-effective health care system," said Mariah Scott, director of sales and marketing for the Intel Digital Health Group. "Working with these organizations allows us to target our innovations across all home health settings and drive the most efficient care management available."

For GTSI, a provider of enterprise IT solutions and services that streamline technology lifecycle management, the Intel Health Guide is an ideal addition to its current product portfolio. After 26 years of delivering health care solutions to the FDA, VA and hospitals across the country, GTSI's reselling of the Intel Health Guide will extend its reach into private households, ensuring that health care organizations are equipped to manage chronic diseases in the home in a cost-efficient manner.

"By delivering the Intel Health Guide, GTSI will enable improved patient care and help address the challenges of a worldwide chronic disease epidemic," said GTSI CEO Jim Leto. "Our array of services around the Intel Health Guide will help health care providers integrate the technology to enhance the patient experience and allow for truly personalized care."

The Intel Health Guide's key differentiating features, such as video conferencing, customizable care protocols and educational multimedia content, have also enabled a range of new customers to deploy the system. Three new customers -- Memorial Hospital and Health System in South Bend, Nightingale Home Healthcare of Indiana and the seven independently owned offices of the Home Care Group -- will deploy the Intel Health Guide to chronically ill patients in need of more personalized care from the comfort of their own homes. At Memorial, the Intel Health Guide will be piloted in high-risk obstetrics patients with gestational diabetes and preeclampsia who have been discharged from the hospital setting. Ongoing clinician monitoring of these patients' vital signs and communicating with them via video conferencing is intended to catch potential health crises in advance and also prevent unnecessary re-hospitalizations.

Nightingale Home Healthcare of Indiana, which currently manages the largest number of patients monitored under a telemedicine program in Indiana and the Midwest, will use the Intel Health Guide to monitor patients with heart disease, renal disease, metabolic syndrome and orthopedic disabilities. Its goal in deploying the Intel Health Guide is to put the patient first and ensure the highest quality of care, which they expect will lead to reduced costs and fewer re-hospitalizations.

At the Home Care Group -- which includes seven independently owned offices in Florida, Illinois, Indiana and Michigan -- nurses will use the Intel Health Guide to monitor patients with diabetes, congestive heart failure and chronic obstructive pulmonary disease to ensure that they can live independently in the comfort of their homes for as long as possible.

Informed by over a decade of Intel's ethnographic research, the Intel Health Guide is designed with the needs of the elder population in mind and is used by health care professionals to manage their patients at home. It is not currently available for general consumer purchase. Intel has staffed a team of clinical experts to provide a range of professional services to health care organizations, allowing them to successfully integrate the personal health system into their current disease management programs and models of care.

For information on how to purchase this product, visit www.intel.com/healthcare/ps/healthguide/wtb.htm. For more information on the Intel Health Guide, visit www.intel.com/healthcare/telehealth. To learn more about Intel in health care, go to www.intel.com/healthcare.

Intel (NASDAQ:INTC), the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom and blogs.intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

SOURCE: Intel Corporation

For Intel Corporation 
Shannon McIntyre, 212-614-4351 
Shannon.McIntyre@bm.com