SUNNYVALE, CA -- AMD today reported that net sales for the quarter ended December 30, 2001 grew by 24 percent sequentially. Led by record unit and record dollar sales of PC processors, AMD reported fourth quarter net sales of $951,873,000, which resulted in a net loss of $15,842,000, or $0.05 per share. Net sales for the third quarter of 2001 were $765,870,000, which resulted in a pro forma net loss of $97,424,000, or a pro forma net loss of $0.28 per share, (excluding the effects of restructuring and other special charges amounting to $89.3 million, impaired investments of $22 million, and additional inventory provisions amounting to $6.9 million.) In the fourth quarter of 2000, AMD reported net sales of $1,175,172,000 and net income of $177,968,000, or $0.53 per diluted share. For the full year ended December 30, 2001, AMD reported net sales of $3,891,754,000, a decline of 16 percent as compared to 2000, resulting in net income of $28,924,000, or $0.09 per diluted share on a pro forma basis. When the effects of restructuring and other special charges are included, the company incurred a net loss in 2001 of $60,581,000, or $0.18 per share. In 2000 AMD reported net sales of $4,644,187,000 and net income of $983,026,000, or $2.89 per diluted share. Results for 2000 included a one-time net gain of $189,202,000 from the sale of the company's voice communications business and the retirement of senior secured notes. Net income for 2000 excluding the one-time net gain above was $793,824,000, or $2.35 per diluted share. "Excellent market acceptance of the newly introduced AMD Athlon(TM) XP processor, the world's highest-performance PC processor, enabled AMD to turn in a strong quarter," said W.J. Sanders III, chairman and chief executive officer. "AMD PC processor revenues surged more than 50 percent sequentially, as we posted new records in both units and dollars. Average selling prices for AMD processors increased dramatically to $90 as the company rapidly ramped production and sales of the AMD Athlon XP processor, which was introduced in October. Overall, AMD achieved sequential sales growth of more than 24 percent.