"The partnership with Adhoc provides AMD with extremely complementary PHY technology that enables system designers to both cost-reduce and simplify the design of their Fast Ethernet switches and repeaters," said Dr. Laila Razouk, vice president and general manager of AMD's Network Products Division. "The partnership provides our customers with a powerful combination of leading-edge technology and AMD's ability to deliver highly-reliable, high-volume products."

"Adhoc's Advanced Mixed Signal 'CORE' architecture is today's most cost-efficient technology when compared with the Digital Signal Processing and other 10/100BASE-X alternatives," said Dr. Stewart Wu, CEO and President of Adhoc Technologies, Inc. "By manufacturing PHY devices exhibiting the industry's lowest power and smallest die size, both AMD and Adhoc will be able to provide customers with flexibility in terms of system port density and aggressive pricing. Customers will not need to move to higher port-density PHY solutions in order to meet system cost targets."

About Adhoc Technologies, Inc.
Adhoc Technologies, Inc. is a privately held fabless semiconductor company which develops and markets advanced networking silicon solutions using advanced CMOS processes and state-of-the-art mixed signal test equipment. Adhoc uses only ISO9000 compliant suppliers to ensure the highest quality and reliability for total customer satisfaction. Headquartered in San Jose, Calif. with sales offices and stocking distributors throughout the world.

Cautionary Statement
Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, including the timely development and market acceptance of new products, the impact of competitive products and pricing, the effect of changing economic conditions, and such risks and uncertainties detailed from time to time in the company's SEC reports.