AMD posted a loss of $146 million in the quarter, compared to a loss of $235.1 million in the previous period, and a deficit of $9.2 million a year ago.

"In a tough market environment and in a quarter that is typically seasonally down, we grew our revenue by four percent from the fourth quarter of 2002," said Robert J. Rivet, chief financial officer of AMD, in a statement. "We believe we gained market share in both our PC processor and flash memory product lines. And we made significant operating improvements that better position us for a return to profitability.

"Our enhanced AMD Athlon processor portfolio, along with increased customer demand, led to a sequential increase of 11 percent in PC processor sales. And despite a seasonal weakening of the global market for flash memory solutions, the first quarter was our fourth consecutive quarter of revenue growth and record bit shipments,” he said.

AMD's processor sales hit $468 million for the quarter, up 11 percent from the $420 million reported in the fourth quarter of 2002. AMD showed a significant increase in both unit and dollar sales, based on record mobile shipments and increased penetration into emerging markets, led by China.

Its memory sales of $218 million were up for the fourth consecutive quarter, on increased unit sales driven by our product portfolio for the cellular phone market and continued demand for high-end, feature-rich phones.

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By: Docmemory
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