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AMD CEO Dirk Meyer Resigns
angry tapir writes "Advanced Micro Devices has announced that Dirk Meyer has resigned from the post of CEO, and that the company is beginning to search for a new chief executive. Meyer resigned in a mutual agreement with the board of directors, and the company has appointed Thomas Seifert, the company's chief financial officer, as the interim CEO. Meyer was installed as CEO in 2008 as a replacement to Hector Ruiz, just as the company was making its way out of rough financial times. In October, AMD posted a third-quarter net loss of US$118 million."
I haven't looked at the financial sheets, but I would venture to guess that a lot of it is R&D trying to catch up with Intel again.
I for one an sorry to see him go. I think he has brought the company well through some rough times.
Some CEO's that are great for riding through the rough times aren't the CEO's that you want when that stretch is over.
They're in a price war with a competitor who is a generation ahead of them in manufacturing technology. Their margins are getting slimmer and slimmer.
on how many million they will be rewarding him for losing that $118 million?
Winston Churchill, meet Clement Atlee.
Except I think that involved winning a war, not just surviving in a currently tenuous second position...
Intel has also promised OpenCL support on Sandy Bridge and later integrated GPUs. Not to mention S3 and VIA support.
I predict that Cuda will quickly become irrelevant and die a long, slow death (ie- just legacy support, no new features). Much like Cg did, after GLSL and HLSL matured. No one wants to be stuck on a single hardware platform, despite performance advantages.
Sigs are for losers
It's unfortunate, but regardless, I will be a die hard AMD supporter. They've helped keep the market competitive, have much better business practices, and always have the end-user in mind with regards to their CPU socket configurations. Or should I say configuration? One socket for a massive range of CPUs. I like being in control of my upgrades. I can't stand that Intel changes MB socket types with damn near every CPU and expect it to be alright to fork over a couple hundred bucks in addition to the CPU price. AMD has never let me down since I switched during the K7 era. I for one can not wait for the Bulldozer. I know right now the new Sandy Bridge chip is simply amazing but I can wait a few months.
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Ahead in manufacturing tech, maybe. Architecture? Who made x64?
That's a bit like saying ford is the worlds greatest motor company because of the Model T, and then neglecting to notice the failures of it's recent business practices. x64 was something AMD did right 8 years ago. In the last 8 years however, things haven't gone as well for the business....
Who has one of the lowest power draw/highest performance CPU/GPU combo for mobile systems that would shit all over tons of current in-service desktop systems, with an even better revision coming soon?
Intel ATOM and Nvidia ION?