AMD CEO Steps Down To Be Replaced By COO Dirk Meyer: related news

AMD CEO Steps Down, To Be Replaced By COO Dirk Meyer

SUNNYVALE, Calif. — July 17, 2008 — AMD (NYSE:AMD) today announced that its board of directors elected President and COO Dirk Meyer as the company’s chief executive officer. Meyer succeeds Hector Ruiz, who will become executive chairman of AMD and chair of the board of directors. As executive chairman, Ruiz will ensure a smooth executive leadership transition, focus on driving the company’s asset smart strategy to completion, and assist with high-level government and strategic partner relations.

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."

New AMD CEO discusses going after Intel

With all the media raving about netbooks and how small and inexpensive they are (even though more recently announced netbooks are often more expensive than fuller-fledged notebooks), it's not surprising to see financial analysts questioning AMD's new CEO Dirk Meyer on AMD's response to Intel's Atom CPU. His response? "We're a much smaller company with not nearly the scale that our competitor has," Meyer said. "We don't intend to try to do absolutely everything they do in the marketplace. (But) slightly smaller form factor notebooks and inexpensive notebooks. That is a market segment that we're interested in."

Can this man save AMD?

Updated: AMD CEO Hector Ruiz has stepped down and the chipmaker has named chief operating officer Dirk Meyer as its new leader. The news comes amid the latest financial miss for AMD–a second quarter loss that missed estimates by a wide margin. Meyer’s job: Restore credibility.

AMD Makes An Evolutionary Leap In Linux Support

"Less than a year ago we shared with you the revolutionary steps AMD was taking to deliver significant improvements to their once infamous proprietary Linux display driver and at the same time the work they were doing to foster the growth of an open-source driver for their latest graphics card families. These steps have certainly paid off for both AMD and the Linux community at large. AMD's proprietary driver is now on par with NVIDIA's Linux driver and there are two open-source ATI drivers picking up new features and improvements on an almost daily basis. AMD also continues to publish new programming guides and register information on a routine basis for their latest and greatest hardware. This has been truly phenomenal to see, but AMD has now evolved their Linux support by taking it a large step further.

VeriSign CEO Resigns, Company Names Founder as Interim CEO

July 8, 2008 – (HOSTSEARCH.COM) – Mr. Bill Roper has resigned as CEO of VeriSign and from its board, it was reported recently. Responding to the move the company has placed Founder and Chairman Jim Bidzos at the helm on an interim basis. Mr. Roper was CEO of the company for just over a year. No official word has been given for the reasons for his departure and the move saw the company’s shares decline by around 1.3%. Roper originally took over from Stratton D. Sclavos, who himself left the CEO position for “undisclosed reasons�. While Mr. Roper was CEO of the company, shares increased by 45%.

AMD exec on Atom rival, no iPhone-like devices

AMD intends to make a serious push into the realm of ultra-low-cost notebooks, according to the company's new CEO. Only promoted to the role on Thursday, Dirk Meyer says that AMD intends to provide serious hardware competition in the realm of "netbooks," computers that typically cost less than $400, and embody UMPC traits such as small size and weight. Perhaps the best-known example is ASUS' Eee PC.

AMD selling consumer electronics line?

Besides announcing a $1.19 billion loss for Q2 and the promotion of Dirk Meyer to CEO, one additional bit of news AMD announced with their Q2 results were their plans to divest themselves of their consumer electronics unit they acquired when they purchased ATI. AMD was mum on specifics at the time, but with the company strapped for cash, a sale of the CE unit makes the most sense. Now one analyst believes that Broadcom could be a potential buyer:

AMD selling consumer electronics line?

Besides announcing a $1.19 billion loss for Q2 and the promotion of Dirk Meyer to CEO, one additional bit of news AMD announced with their Q2 results were their plans to divest themselves of their consumer electronics unit they acquired when they purchased ATI. AMD was mum on specifics at the time, but with the company strapped for cash, a sale of the CE unit makes the most sense. Now one analyst believes that Broadcom could be a potential buyer:

Industry Moves: Verisign CEO Roper Resigns; Bidzos Is Interim Head

Verisign, which has pared down the company over the last year, has seen another CEO change: William Roper, who had been president and CEO for a bit more than a year, has resigned and the company board has named Jim Bidzos as interim CEO, president and executive chairman. Bidzos was the company’s founder and first CEO in 1995, and he tried to reassure analysts Thursday that he had the background to step into the role and quickly move forward, WSJ reports.

AMD posts a loss of $1.19 Billion for Q2

AMD posted a loss of $1.19 billion for Q2 on revenue of $1.349 billion. That figure is 7% below Q1'08 and 3% higher than their performance from a year ago. That loss includes an $880 million goodwill writedown as a result of their ATI acquisition. AMD announced that they divested themselves of their consumer electronics business (formerly ATI's DTV/handheld division), although they didn't state if that is the result of a pending sale of the unit. Excluding the goodwill charge, AMD's Q2 loss was $269 million, which is much better than Q2'07 when AMD lost $531 million.

AMD to take $758 million charge for Q2

Today AMD announced it will take $948 million in charges for Q2, the news has sent AMD's stock below $5. The bulk of the charges ($880 million) came from the continuing decline in goodwill value of their ATI acquisition, more specifically ATI's DTV/handheld unit. If you recall last year AMD took a $1.6 billion dollar hit because of this. An additional $32 million charge is going towards severance packages for employees who were laid off earlier this year, while the final $36 million is associated with a decline in value of securities as well as AMD's Spansion stock.

Verisign CEO Resigns Suddenly

July 7, 2008 -- (WEB HOST INDUSTRY REVIEW) -- Internet infrastructure services provider Verisign (verisign.com) announced late last week that CEO Bill Roper has suddenly stepped down from his position as CEO after only one year, sending company shares down 1.3 percent.

GameStop chairman and CEO to give up CEO role; company names new COO

NEW YORK (Thomson Financial) - GameStop Corp. Friday said that R. Richard Fontaine, its chairman and chief executive officer, would relinquish his CEO role to Daniel A. DeMatteo.

eForce Media Acquires Firm, Appoints Former Autobytel Head As CEO

Santa Monica-based eForce Media, a provider of Internet sales lead generation services, said today that it has acquired Vertical Passion Media, LLC and appointed its founder, Jeffrey Schwartz, as President and CEO. Schwartz is the former president and CEO of Autobytel. Financial terms of the acquisition were not disclosed. Vertical Passion Media LLC operates a number of online destinations in the auto classified and other lead generation areas, and was founded and headed by Schwartz. Schwartz has also served as President and CEO of Autoweb, and a VP at Walt Disney Company. eForce Media's current CEO, Anthony Mazzarella, will continue to serve on eForce Media's board of directors. eForce Media is venture backed by Clearstone Venture Partners.

AMD Fusion Details Leaked

negRo_slim writes "AMD has pushed Fusion as one of the main reasons to justify its acquisition of ATI. Since then, AMD's finances have changed colors and are now deep in the red, the top management has changed, and Fusion still isn't anything AMD wants to discuss in detail. But there are always 'industry sources' and these sources have told us that Fusion is likely to be introduced as a half-node chip."

AMD's OverDrive and CrossFire Come To Linux

twljagflba writes "Since last year AMD has made ATI increasingly Linux friendly by releasing 3D programming guides and helping out the open-source community. At the same time they have been continuing to develop their binary Catalyst driver for the Linux platform and most recently they delivered same-day support for their new graphics cards. Today though they have released the Catalyst 8.8 Linux driver that adds two very important features: CrossFire and OverDrive support for Linux. Linux users are now able to use CrossFire to split the rendering workload between multiple GPUs and they're also able to overclock their graphics cards now using the binary-only driver. Phoronix has a complete run-down on both features — including benchmarks — in their AMD OverDrive on Linux and ATI Radeon CrossFire On Linux articles.

AMD's Phenom 9950 Black Edition and 9350e CPUs

It has been nearly eight months since AMD originally launched their line of Phenom CPUs. In that time, they’ve resolved the infamous TLB erratum that plagued B2 stepping processors, released faster CPUs like the Phenom 9850 Black Edition, and less than three months ago they introduced the world’s first triple core processors. All these achievements – along with extremely aggressive pricing – have significantly improved Phenom’s position in the market in comparison to Intel’s Core 2 Quad, however, AMD still doesn’t have a higher-end offering to compete with the middle of Intel’s Core 2 lineup, much less the Extreme Edition CPUs at the very top, but as we all know, the bulk of sales occur in the value and midrange segments, and here AMD has a boatload of products ranging from single-core Athlon/Sempron all the way up to today’s latest quad-

Best Buy International COO steps down

Minneapolis / St. Paul News, Minneapolis / St. Paul Business Journal, Minneapolis / St. Paul Newspaper

Tearing Down the iPhone 3G

The total tally for the chips and other components of the wildly popular iPhone 3G is $174.33, according to a tear-down analysis by iSuppli. Apple has succeeded in making the phone with more features and still bringing down its costs for production. A subsidy from AT&T helps in bringing the price down for consumers as well.

Can a VPN slow down a network with a T1 connection?

It will slow down your T1, but it depends on where the VPN is terminating. If the VPN is terminating on the router, it should not affect the LAN. The router would convert the regular packages over the LAN. If the VPN is going in through a server, then the processing overhead is required to do that conversion. So in that case, if you're using that server and you have all of those VPN connections going, then everything will slow down. That could cause access to the server to locally slow down.

The Open-Source CEO: An Interview with Dave Lilly of GroundWork

"I caught up with Dave Lilly, founder and CEO of GroundWork, earlier this week to see how things are going. Lilly recently replaced GroundWorks' former CEO, Ranga Rangachari, and I was interested to hear about the changes at GroundWork.

Q&A: Red Hat CEO on Patents, Integrated Virtualization

A half-year after becoming president and CEO of Linux vendor Red Hat, Jim Whitehurst was in Boston this week for the annual Red Hat Summit. The former COO of Delta Air Lines sat down with Network World's Jon Brodkin to discuss open source, a new patent settlement, and Red Hat's moves in virtualization.

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