AMD CEO says no plans to step down in 2008

Vikingod · Dec 12, 2007, 02:10 PM

Source: Reuters
_____________
Advanced Micro Devices Inc AMD.N Chief Executive Hector Ruiz says he has no plans to step down as head of the microprocessor maker next year.

AMD has in the past two years struggled with market share losses to its far larger rival, Intel Corp INTC.O, in the market for microprocessors. It is banking much of its turnaround on its Barcelona processor, which was launched in September, but has so far been hampered by an inability to ship as many of the processors as it would like.

Ruiz said in an interview with CNBC Europe to be broadcast later this week that President and Chief Operating Officer Dirk Meyer is being groomed to succeed him as CEO.

bug77 · Dec 12, 2007, 03:25 PM

Am I allowed to post this? AMD now worth less than it paid for ATI

Vikingod · Dec 12, 2007, 03:32 PM

Sure, I just changed the link to the one which was posted in the news forum yesterday. It's an interesting situation. All and all, its up the the Board, but we'll see if AMD can weather the storm.

Dec 12, 2007, 02:10 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	AMD CEO says no plans to step down in 2008 Source: Reuters _____________ Advanced Micro Devices Inc AMD.N Chief Executive Hector Ruiz says he has no plans to step down as head of the microprocessor maker next year. AMD has in the past two years struggled with market share losses to its far larger rival, Intel Corp INTC.O, in the market for microprocessors. It is banking much of its turnaround on its Barcelona processor, which was launched in September, but has so far been hampered by an inability to ship as many of the processors as it would like. Ruiz said in an interview with CNBC Europe to be broadcast later this week that President and Chief Operating Officer Dirk Meyer is being groomed to succeed him as CEO.

Dec 12, 2007, 03:25 PM	#2
bug77 DriverHeaven Senior Member Join Date: Oct 2003 Location: around Posts: 792 Rep Power: 0	Am I allowed to post this? AMD now worth less than it paid for ATI Last edited by Vikingod; Dec 12, 2007 at 03:30 PM.

Dec 12, 2007, 03:32 PM	Thread Starter #3
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Sure, I just changed the link to the one which was posted in the news forum yesterday. It's an interesting situation. All and all, its up the the Board, but we'll see if AMD can weather the storm.