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AMD Loses $1.2 Billion and Its CEO

Barence writes to mention that after seeing almost $1.2 billion in second quarter losses, AMD's CEO has resigned. Stepping up to fill his shoes will be Dirk Meyer, previous company president and COO. "Only two years ago, the company held a processor performance lead and was making serious inroads into Intel's market. However, AMD failed to keep pace with Intel's Core technology, and it once again surrendered its performance crown at the dawn of the multicore era. Those problems were exacerbated by the bungled launch of the Barcelona processors, which prompted Ruiz to make a frank public apology last December."

10 of 373 comments (clear)

  1. Re:i hope they keep up by Mordok-DestroyerOfWo · · Score: 5, Funny

    Thank heavens for the second amendment!

    --
    "Never let your sense of morals prevent you from doing what is right" - Salvor Hardin
  2. Don't let the door hit you Hector by gr8_phk · · Score: 4, Funny

    Back at MOT (now freescale) I hear they called him Hector the Sector Director. People were happy to see him go. After his time at AMD, I'd call him "Hector Ruinz".

  3. If I lost $1.2 billion... by afabbro · · Score: 5, Funny

    ...I'd try to think where I'd last seen it and look there.

    In this case, AMD should be looking at 2005.

    --
    Advice: on VPS providers
  4. Re:i hope they keep up by Anonymous Coward · · Score: 5, Funny

    But intel makes processors for Macs now. According to /. rhetoric, they thus cannot be evil.

  5. Re:Buying ATI = idiocy by A+beautiful+mind · · Score: 4, Funny

    It sounds like terrific teamwork by engineering, production and management.

    Oh, you mean luck!

    --
    It takes a man to suffer ignorance and smile
    Be yourself no matter what they say
  6. Re:i hope they keep up by GameboyRMH · · Score: 4, Funny

    They can pry my DS from my cold, dead hands!

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  7. You know what they say about lost CEOs by kitsunewarlock · · Score: 2, Funny

    There always in the last place there is to look.

    --
    Ginga no Rekshiya Mata Each page.
  8. Re:AMD by Anonymous Coward · · Score: 2, Funny

    The support chipsets were always AMD's week spot.

    Yeah, but it should only take AMD 7 days to turn that around.

  9. Re:i hope they keep up by elrous0 · · Score: 2, Funny

    If Boogie Nights is to be believed, any guy named "Dirk Meyer" should have no problem keeping it up.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
  10. Re:i hope they keep up by Korin43 · · Score: 4, Funny

    No, you're behind the times. That was LAST year. This year, everything Apple does is evil and non-creative. Get with the times man!