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."

Re:i hope they keep up

[Mordok-DestroyerOfWo]

Thank heavens for the second amendment!

Don't let the door hit you Hector

[gr8_phk]

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".

If I lost $1.2 billion...

[afabbro]

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

In this case, AMD should be looking at 2005.

Re:i hope they keep up

[Anonymous Coward]

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

Re:Buying ATI = idiocy

[A beautiful mind]

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

Oh, you mean luck!

Re:i hope they keep up

[GameboyRMH]

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

You know what they say about lost CEOs

[kitsunewarlock]

There always in the last place there is to look.

Re:AMD

[Anonymous Coward]

The support chipsets were always AMD's week spot.

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

Re:i hope they keep up

[elrous0]

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

Re:i hope they keep up

[Korin43]

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!