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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."
Hmmm, perhaps just a coincidence but the EU has just expanded it's anti-trust investigation into Intel.
http://arstechnica.com/news.ars/post/20080716-report-eu-to-expand-intel-antitrust-investigation.html
"Technology.....the knack of so arranging the world that we don't have to experience it." Max Firsch
Because it is the Boards of these companies that set pay policies, not shareholders. Further, it is all but impossible to get a measure on the proxy vote to force the Boards to change pay policy. The best one can hope for is to make a 'recommendation' to the Board to change pay policy.
Unless is it is specifically stated somewhere in the corporate bylaws, the final decision as to executive compensation rests with the Board, not the shareholders.
We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower
I guess when a mediocre CPU manufacturer merges with a mediocre GPU manufacturer this is what you get.
At the moment AMD's GPUs are the best value you can get. The Radeon HD4850 and 4870 are exceptional cards while Nvidia seems to have botched their latest line - although they're faster, they're hideously expensive for only moderate performance gains above AMD's parts, and have very large power needs. And just for the record, every GPU I've bought has been an Nvidia one. I'm no AMD/ATI fanboy.
Remember, there is no way to properly value this company, the proper valuation is NEGATIVE because that's what profits are.
That's one of the dumber things I've heard today and it only holds true if you assume AMD is going to keep losing money until they have to sell off their desk chairs & keyboards in a bankruptcy auction.
There is a lot more to valuing a company than "omg they lost GigaBucks this quarter!!1"
The two basic numbers to work with are:
A) whatever investors think it's worth
B) what the company's assets and fundamentals represent
A lot of times A is less than B.
The attempted Microsoft buyout of Yahoo is a good recent example.
Yahoo shares were/are trading in the low $20s even though MS offered in the low $30s
[Fuck Beta]
o0t!
Just for the record AMD/ATI technically have the fastest single board Video card on the market smashing nvidia on pure raw power 2.4TFLOPS admittedly their is some creative thinking behind it but it is the king
http://www.hexus.net/content/item.php?item=14178&page=1
um...there is a 64bit version of windows, XP64, which Microsoft developed specifically for AMD's 64bit processors since at that time Intel was still pushing Itanium. This was available for public consumption not too long after AMD's processors were released and at that time only ran on AMD processors since they were the only producer of 64bit x86 processors. There is also a 64bit version of Vista available which runs on both Intel and AMD CPUs.