Linked by Amjith Ramanujam on Thu 17th Jul 2008 22:06 UTC, submitted by Nehemoth
The CEO of chip maker Advanced Micro Devices Inc. is stepping down.
Hector Ruiz had been just the second person to lead AMD after company founder Jerry Sanders. He'll be replaced by the chip maker's No. 2 executive, Dirk Meyer.
Permalink for comment 323537
To read all comments associated with this story, please click here.
To read all comments associated with this story, please click here.
Recent Original Stories
Recent Comments
Headlines
Random Comments
Random Stories
Random OS Link
Member since:
2005-11-05
Ruiz hasn't been entirely removed. He is still on the board as executive chairman. And as AMD's former number two, Meyer must have been at least as involved as Ruiz in setting the company's path over the past few years. So this smacks of a board circling the wagons against predators and bankers rather than a company with the confidence to make a fresh start with fresh blood - or a board closing ranks because they're sitting on a nearly done deal we don't know about. Considering the scale of AMD's losses at the moment and the lack of any clear AMD Intel-beater on the horizon, one wonders how much worse things have to get.