Tuesday, October 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Is Rolling Out First New Windows 10 Preview Build
Yahoo Reports High Revenue and Profit
New Samsung Galaxy S5 'Plus' Released With Faster Processor
Google, Facebook And Comcast Spend The Most On Lobbying
Google Play Music App To Follow Your Mood
Login To Google Using A USB Security Key
Toshiba Debuts New 2-in-1 Convertible PC with a 360-Degree Design
Acer Leads The Growing Chromebook Market
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > PC Parts > AMD cha...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 18, 2008
AMD changes CEO, Discontinues Cell Phone and Digital TV Chip Business


Yet after six years as AMD's CEO, Hector Ruiz stepped down Thursday as pressure mounts on the company to dig itself out of a deep financial hole.

Ruiz, 62, will remain on the board of directors. He's being replaced as CEO by AMD's current president and chief operating officer, Dirk Meyer, 46, an engineer and chip designer who has been helping Ruiz run the company since 2006.

"Dirk's election to CEO is the final phase of a two-year succession plan developed and implemented jointly by AMD's board of directors and executive team," said Robert Palmer, lead independent director. "Under Hector's strong leadership, AMD drove the industry adoption of pervasive 64-bit and multicore computing, became a trusted enterprise-class partner to leading technology suppliers and significantly expanded its global footprint in high-growth markets like China."

"AMD has fundamentally altered the industry landscape, leading the innovation agenda while delivering greater choice and better experiences for our customers and users," said Ruiz, executive chairman, AMD. "Dirk is a gifted leader who possesses the right skills and experience to continue driving AMD and the industry forward in new, compelling directions. I am placing the company in excellent hands."

Nearly all the world's personal computers and many of the servers inside corporate data centers run on chips made by AMD or its much larger rival, Intel. Intel commands 80 percent of the global market for microprocessors. AMD has roughly the other 20 percent.

The executive changeover came as AMD reported that it lost $1.19 billion in the second quarter, worse than the $600 million it lost in the same period a year ago.

The biggest damage to AMD's finances came from the divisions that make chips for cell phones and digital television sets. The businesses were absorbed as part of AMD's 2006 acquisition of graphics chip maker ATI Technologies, and they were both underperforming, forcing AMD to write down their value by $876 million.

AMD said it plans to sell the businesses and have classified them as discontinued operations in its financial results.


Previous
Next
Singulus Sells The First BLULINE System for Blu-ray Dual Layer Discs to Axiom Technologies        All News        EU Add More Charges Against Intel
OCZ Unveils First Fatal1ty Brand DDR2 and DDR3 Memory     PC Parts News      Patriot Memory Releases DDR3 Notebook Memory for Intel's Mobile Platform

Get RSS feed Easy Print E-Mail this Message

Related News
AMD Sales May Miss Estimates, New CEO Announces Restructuring
AMD Appoints Lisa Su as President and Chief Executive Officer
AMD To release Carrizo Notebook APUs Next Year
AMD Demonstrates Network Function Virtualization Solution on 64-Bit Embedded R-Series SoC
AMD To Showcase ARM Cortex-A57-Based Hadoop on Opteron Processors
AMD Moves Closer To The Introduction Of Project FreeSync Monitors
AMD Introduces DirectGMA on AMDs FirePro GPUs
AMD Launches AMD Radeon R9 285 Graphics, "Never Settle: Space Edition" Game Bundle
AMD Introduces New 8-core FX-series Processors
AMD Announces Heterogeneous C++ AMP Language for Developers
New AMD R9 285 Radeon Graphics Card Unveiled
AMD Officially Releases The OCZ-rebranded, Radeon R7 SSDs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .