AMD Loses 1 2 Billion and Its CEO: related news

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."

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.

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 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.

E-commerce in Latin America to surpass $16 billion this year, Visa says

Retail e-commerce in Latin America, including travel and tourism, rose to nearly $11 billion in 2007, up from about $5 billion in 2005 and $7.78 billion in 2006, and is expected to surpass $16 billion this year and reach nearly $30 billion by 2010, Visa Inc. says in a new study, “B2C Electronic Commerce in Latin America and the Caribbean: Beating All Odds.”

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.

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."

Earnings: Softbank Profits Rise 8.1 Percent; Lowers Monthly Tariffs On iPhone

image Softbank released its earnings for the first quarter ended 30 June 2008, revealing an 8.1 percent climb in operating profit to 85.1 billion yen ($788 million). Net income fell 22.9 percent to 19.4 billion yen ($180 million) from 25.1 billion yen ($233 million) year on year, while sales declined 2.4 percent to 647.3 billion yen ($6 billion). Still, the record operating profit, driven by reduced handset subsidies and new subscribers additions, missed analyst expectations, which according to a Bloomberg survey had forecast 86.1 billion yen ($798 million). Profitability took a hit as Softbank used discounts and instalment plans to lure new customers from rivals NTT DoCoMo and KDDI.

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:

Leaked AMD roadmap lists Jan 8th release date for 45-nm Deneb Phenom

For months now AMD has insisted that their 45-nm manufacturing process is on track and that we'd see the first 45-nm Phenom CPUs based on AMD's "Deneb" core by the end of this year. However this leaked AMD roadmap on chw.net suggests that Deneb has been pushed back to January 8th 2009, with AMD providing two SKUs at launch, a 3.0GHz part and a 2.8GHz chip, both with 125W TDPs.

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.

US titanium-dioxide market to top $2 billion in '09 on nanotech

US exports of titanium dioxide -- the naturally occurring oxide of titanium -- will grow by 21% to $1.5 billion this year, and could top $2 billion next year, as the commodity rebounds on strong sales of nanotechnology-based products, according to market reseach firm SBI. These nano-based products containing the material include self-cleaning windows and fabrics and pollution-busting paints, according to SBI's new report entitled The US Market for Titanium Dioxide. The new technology coupled with a wide range of uses will drive the US market for titanium dioxide, with the market jumping to $2.2 billion in 2009 and $2.3 billion by 2012. What's more, the market for the material's current uses -- including paints, printing inks, plastic and paper products, food, cosmetics, ceramics and rubber -- "are keeping export levels robust," the report

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 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 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 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-

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.

VeriSign Appoints Founder As CEO

July 7, 2008 (FinancialWire) Digital infrastructure services company VeriSign (NYSE: VRSN) (Current Market Cap: US$7.15 Bil.) has brought back founder and chairman Jim Bidzos to replace outgoing CEO William Roper. Bidzos will be the president and CEO of VeriSign on an interim basis, the company said, in what is one of several recent management shake ups. Roper, whose resignation is effective June 30, had taken over from long-time CEO, Stratton Scalvos, who left unexpectedly in May 2007. Bidzos has served as either chairman or vice chairman of the board of directors of VeriSign since April 1995. The founder had left the company for a few years to go to RSA Security and returned to the role of the chairman at VeriSign in August 2007. FinancialWire is a fully independent, proprietary news wire service of Investrend Information, a division of

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.

GameStop Chairman Fontaine relinquishes CEO title under reorganization, DeMatteo named CEO

NEW YORK (AP) - GameStop Corp. is splitting the chairman and CEO functions as part of a management reorganization, announced Friday, designed to meet the challenges of fast growth amid the video game retailer's brand expansion into 16 countries.

UAE personal loans jump 11pc to $13.2bn

The personal loans registered a 11 per cent jump in three months from Dh43.5 billion ($11.8 billion) at the end of 2007 to Dh48.4 billion ($13.2 billion) during the first quarter of 2008, according to the UAE Central Bank.

Nintendo Raises Full-year Forecasts, Sees Record Sales

The company raised its consolidated sales and operating income estimates announced in April 2008 by ¥200 billion (approx US$1.85 billion) to 2 trillion (a 19.6% year-on-year growth) and by ¥120 billion to 650 billion (a 33.4% year-on-year increase), respectively. If this goal is met, Nintendo will see its annual sales reach ¥2 trillion for the first time in its history.

Is Apple a Better Stock Than Google?

As John Paczkowski at All Things Digital has noted, Apple’s (AAPL) market capitalization passed Google’s (GOOG) yesterday, closing at $158.8-billion to Google’s $157.2-billion (as Senator Everett Dirksen is reported to have said, “a billion here and a billion there, pretty soon you’re talking real money�).

AMD Improves Linux OpenGL Performance

More news from the AMD PR machine...AMD announced new ATI Catalyst drivers with major performance enhancements to ATI FireGL professional graphics cards running under OpenGL.

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