Applied Micro Circuits Corporation announced that it has signed a definitive agreement to acquire 3ware(R), Inc. 3ware provides high-performance, high capacity Serial ATA (SATA) storage solutions for emerging storage applications such as disk-to-disk backup, near-line storage, network-attached storage (NAS), video, and high-performance computing.

AMD announced an extended sponsorship agreement with the World Champion Formula One team Ferrari. With this contract extension, AMD joins other key members of the Ferrari family, including Ferrari Team Principal Jean Todt, current World Champion Michael Schumacher, driver Rubens Barrichello, Ferrari Technical Director Ross Brawn, Ferrari Engine Director Paolo Martinelli and Ferrari Chief Designer Rory Byrne in signing up with the stable of the Prancing Horse through 2006.

Audi, the international high-quality car manufacturer, has selected Intel Itanium 2 processor-based HP Integrity servers to perfect design efforts related to engine cooling and air conditioning for the ultimate luxury in-car experience. The high performance levels delivered by the Itanium 2 processor-powered HP Integrity servers enable faster, more accurate simulations and design calculations, which will reduce the product development cycle and improve Audi's competitive advantage.

AGM, in collaboration with Silicon Graphics has optimized and released its showcase product, Recon on the Silicon Graphics Onyx4 UlitmateVision visualization system. AGM's Recon is a next-generation 3-D geological interpretation package enabling geoscientists and petroleum engineers to visualize and interpret well log and seismic data in 3-D as a platform for analyzing, modeling and managing their reservoirs. Visualizing the complex models in a reservoir is critical to the ability to understand, predict, and manage a field, especially, as the costs to extract oil go up and the availability goes down. AGM's Recon software combined with the Onyx4 UltimateVision system enables geoscientists to visualize their reservoirs and the models that simulate how they work, thereby maximizing the profitability of their fields.

The CSIRO MultiBeam antenna was awarded the 2004 Industry Innovators Award of the Society of Satellite Professionals International (SSPI) for technology developed by the public sector. The MultiBeam is a radical breakthrough in antenna design which simultaneously communicates with up to 20 satellites - compared with one antenna for one satellite in conventional systems. As a result, the MultiBeam contributes to greatly reducing the visual impact of conventional antenna arrays.

Page 5 of 32