Hardware Analysis - AMD Cans Their CEO

Re: AMD Cans Their CEO

Super XP — 2008-07-18T03:57:04-05:00

I just had to add this little quote from the Inquirer. This little quote is what makes the Inquirer what it is. LOL

AMD borged ATI

Hector throws in the towel
Athlon-man steps up

By Paul Taylor: Friday, 18 July 2008, 2:50 AM

IN THE LATE HOURS of the day, the inner circle of AMD voted in (now) former COO Dirk Meyer as the new CEO of AMD, whilst ousting Ruiz to take on a new role as executive chairman of AMD and chair of the board. The parties gushed compliments about each other throughout.

Hector had been CEO since April 2002 and AMD has since then been through ups and downs� mostly downs. From late 2007 onwards, things haven�t gone the best of ways for the company. Troubled by a rubbish launch of a highly-anticipated yet under-performing CPU marchitecture, and an inflated acquisition of graphics house ATI, AMD has had little to show this year in terms of competitiveness.

In his new role, he will �assist with high-level government and strategic partner relations�, which sounds a bit like being appointed �US Ambassador to Fiji� or some other paradise archipelago.

Cunningly, AMD also announced its second quarter results, which include a $1,189 million net loss, $876 million of which purport to that ATI write-off we�ve mentioned a couple of times. In a way, get all the news out of your system at once and give the new CEO a fresh start.

AMD is now focusing on re-orienting and re-shaping its business model to put the company in the black through �the core technologies that differentiate AMD�, said Mr. Meyer.

If Charlie�s predictions are correct and AMD eventually splits down the seams, Dirk Meyer is the right man to head the engineering end of business and get competitive products out the door. As things stand, Dirk has his work cut out for him with Intel beating it to every punch. A lot of work will have to go into an AMD Renaissance. Although AMD borged ATI, only now is it in a position to leverage the graphics tech and that, sirs, will require some bold engineering.

The newly appointed CEO has been quoted as having said he�s �tremendously excited�. Good luck to ya, chum. �

http://www.theinquirer.net/gb/inquirer/news/2008/07/17/hector-steps

Re: AMD Cans Their CEO

Super XP — 2008-07-18T03:51:12-05:00

Looks like my wish finally came true. Man this guy is responsible for running AMD in the dirt the past few years. It was his idea to stick with the K8 for as long as they did. He probably also thought Intel would just keep upgrading the P4 along with its clock speed.

I hope Dirk Meyer has a much better image. AMD needs to be aggressive in their R&D with a Back Up plan along with another Back-Up plan to back the original Back-Up

Never The Less, GOOD Freaking NEWS!!!!!!!!!!!!!!

Re: AMD Cans Their CEO

FordGT90Concept — 2008-07-18T02:50:12-05:00

FordGT90Concept dances on top of Ruiz's resignation paper.

Re: AMD Cans Their CEO

~Vel — 2008-07-18T00:18:16-05:00

About time Ruiz got sacked.

AMD Cans Their CEO

angryhippy — 2008-07-17T23:38:01-05:00

Ruiz out at AMD, Dirk Meyer new CEO

Advanced Micro Devices CEO Hector Ruiz is stepping down from the helm of the troubled chip company, and Dirk Meyer is taking over.
ADVERTISEMENT

Ruiz announced the leadership change Thursday during AMD's second-quarter financial earnings conference call. He will remain as executive chairman, but Meyer will immediately take over as the sole executive leader of AMD. "The time is right to turn the company over to a new leader."

Ruiz announced last year that Meyer was the designated successor to the CEO position, but he also said that he planned to stay on the job through 2008. Amid continued heavy losses, however, it seems the situation was too much for the company's board of directors to bear.

Ruiz praised Meyer as he introduced AMD's third-ever CEO.

"He is a talented business executive who is known to make decisions quickly and just as quickly turn those decisions into action. In short, he is the right leader at the right time for this company," Ruiz said, in announcing his own departure from the executive chair.

Ruiz replaced legendary founder Jerry Sanders as AMD's CEO in 2002, after joining the company in 2000 as president and chief operating officer from Motorola. His tenure was a whirlwind that saw AMD leap from an afterthought among the world's top PC companies to a top player in the chip business on the strength of its Opteron processor, only to slide underwater once again after botching the introduction of a quad-core processor.

Meyer's engineering talents are unquestioned within the chip industry, having presided over several very important processor designs during the last 20 years.

"Dirk is an experienced and prolific engineer with over 40 patents and many chip designs to his name including the ground-breaking DEC Alpha processor," Ruiz said. "He led the design of our industry-transforming AMD64 architecture--and then took the reins of what was then the Computation Products business--doubling its revenue, expanding its customer base, partner and R&D footprint, and changing the face of the microprocessor industry as we know it."

Ruiz's new role as executive chairman will find him overseeing AMD's "asset-smart" transition, which has taken forever to unfold. Ruiz first broached an "asset-light" idea in the first quarter of 2007, but the company has said absolutely nothing about its possible plans to do less chip manufacturing in-house and more work with third-party foundries. The company hopes to have more to say about that plan this year.

He will also likely remain the face of AMD's antitrust battle against Intel in both the U.S. and abroad. AMD filed suit against Intel in 2006 charging that the world's largest chipmaker has used a pattern of selective rebates and intimidation to coerce PC and server vendors into limiting their use of AMD's chips, charges that Intel has denied.

AMD will focus on recapturing market share and product leadership in high-volume categories such as PCs and servers with one or two processors under Meyer's reign, he said. Meyer faces significant challenges in getting AMD back on track financially as it tries to regain the upper hand against a much more wary Intel, which has adjusted its product strategy to make more frequent changes to its chips in order to prevent AMD from

Source: http://snipurl.com/30dky

Maybe they were mad that ATI division finally came out with a decent video card? LOL