Exhibit 99.1
news release
(AGERE SYSTEMS LOGO)
     
Contacts:
   
Media Inquiries
  Investor Inquiries
Robert Guenther
  Sujal Shah
610-712-1514 (office)
  610-712-5471 (office)
rguenther@agere.com
  sujal@agere.com
AGERE REPORTS GAAP EARNINGS OF $16 MILLION, OR 9 CENTS PER SHARE
FOR RELEASE: THURSDAY, JANUARY 25, 2007
     ALLENTOWN, Pa. — Agere Systems (NYSE: AGR) today reported GAAP net income of $16 million, or $0.09 per share, for the first quarter of fiscal 2007 ended December 31, 2006, compared to a GAAP net loss of $19 million, or $0.11 per share, in the year ago quarter.
     Richard Clemmer, President and CEO of Agere, said, “Agere turned in solid bottom-line performance in the first quarter of fiscal 2007, reflecting a major turnaround from a year ago. During my 15 months as CEO, Agere has made tremendous strides as we executed on our three-phase turnaround plan. In phase one, we energized our three businesses through new leadership and developed a corporate vision and strategy. In phase two, we narrowed our investment areas, focused our resources on the markets where we have the technology and customers to win, and implemented and executed on a process to reduce costs throughout our business. As a result, we have improved profitability and have a solid baseline of products and design wins to generate future revenue growth for phase three and beyond, beginning in the June quarter.”
     On a Non-GAAP* basis, Agere’s net income was $32 million, or $0.19 cents per share, compared to $16 million, or $0.09 cents per share, in the comparable period in fiscal 2006. For the quarter ending December 31, 2006, Agere’s revenues were $372 million.
     The following chart shows quarterly revenue, including revenue from the licensing of intellectual property, by business segment:


The following information was filed by Agere Systems Inc on Thursday, January 25, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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