AMD Reports First Quarter Results

SUNNYVALE, CA -- AMD today reported sales of $902,073,000 and a net loss of $9,163,000 for the quarter ended March 31, 2002. The net loss amounted to $0.03 per share. The company reported record unit sales of PC processors during the quarter. Total sales declined by 24 percent from the like period of 2001 and by 5 percent from the fourth quarter of 2001. In the first quarter of 2001, AMD reported total sales of $1,188,747,000 and net income of $124,837,000, which amounted to $0.37 per diluted share. In the fourth quarter of 2001, AMD reported net sales of $951,873,000, and a net loss of $15,842,000, or $0.05 per share.