Exhibit 99.1
(AGERE SYSTEMS LOGO)   (NEWS RELEASE)
     
Media Contact:
  Investor Contact:
 
   
JoAnna Schooler
  Sujal Shah
610-712-1746 (office)
  610-712-5471 (office)
908-283-4060 (cellular)
  sujal@agere.com
jschooler@agere.com
   
AGERE SYSTEMS REPORTS RESULTS FOR THE FOURTH QUARTER AND FISCAL YEAR 2005; APPOINTS NEW CEO
  Richard L. Clemmer appointed as president and chief executive officer
 
  Company reports quarterly GAAP profit of $0.04 per share and pro forma profit of $0.21 a share; achieves year-over-year improvements in earnings per share
 
  Board of Directors authorizes repurchase of up to $200 million of common stock
FOR RELEASE: WEDNESDAY, OCTOBER 26, 2005
     ALLENTOWN, Pa. — Agere Systems (NYSE:AGR) today reported its financial results for the fourth quarter and fiscal year 2005. In a separate release, the company announced that Richard L. Clemmer, a member of its board of directors, has been appointed as its new president and chief executive officer, effective immediately, replacing John T. Dickson, who has decided to retire.
     For the quarter ended on September 30, Agere posted net income of $7 million or $0.04 per share on a GAAP basis, compared to the year-ago net loss of $127 million or $0.74 per share, and net income of $120 million or $0.66 per share in the June quarter.
     GAAP net income for the fourth quarter includes $31 million in net restructuring charges and related costs, and for the June quarter, included a $120 million benefit resulting from the reversal of a tax contingency. The fourth quarter GAAP gross margin as a percent of sales was 45 percent.
     For the full fiscal year 2005, the company posted a GAAP net loss of $8 million or $0.04 per share, compared to a net loss of $90 million or $0.52 per share for fiscal year 2004.
     On a pro forma basis, the company reported net income of $38 million or $0.21 per share in the September quarter, compared to net income of $43 million, or $0.24 per share in the June quarter, and net income of $6 million or $0.04 per share in the year-


The following information was filed by Agere Systems Inc on Wednesday, October 26, 2005 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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