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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."
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.
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.