AMD announced today that Hector Ruiz is stepping down from his position as chief executive officer in favor of President and COO Dirk Meyer, who was elected by the board of directors to fill the newly opened position; in turn, will become executive chairman of AMD and chair of the board of directors. Ruiz, 62, joined AMD as president and chief operating officer in January 2000 and became AMD's chief executive officer on April 25, 2002. "AMD has fundamentally altered the industry landscape, leading the innovation agenda while delivering greater choice and better experiences for our customers and users," said Ruiz. "Dirk is a gifted leader who possesses the right skills and experience to continue driving AMD and the industry forward in new, compelling directions. I am placing the company in excellent hands.""Dirk’s election to CEO is the final phase of a two-year succession plan developed and implemented jointly by AMD’s board of directors and executive team," said Robert Palmer, lead independent director. "Under Hector’s strong leadership, AMD drove the industry adoption of pervasive 64-bit and multicore computing, became a trusted enterprise-class partner to leading technology suppliers and significantly expanded its global footprint in high-growth markets like China."
Thanks for the tip, Nehemoth!
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They needed it.
I just like AMD being the underdog, and their prices have been generally good.
I fully agree, that Intel need competition, to push price and innovation. Interestingly, Intel are again being perused by the EU, regarding collusion with a European PC manufacturer to only install Intel CPU's in their product range. AMD need to keep their eye on the ball. It has taken years for people to wake up to a low specification disk-less system. Unfortunately the first offerings are a little mickey mouse. But once established these light low end disk-less machines are going to take the market by storm. People lugging around heavy suitcases (laptops) will be laughed at, as much as the "brolly" and bowler hat, of London past!
Here is the same quote from Ruiz without the [bull****] [/bull****] tags:
"AMD has fundamentally altered the industry landscape in the late 1990s and early 2000s, leading the innovation agenda while delivering greater choice and better experiences for our customers and users," said Ruiz. "It was all sunshine and happiness until our biggest competitor introduced the Core series microprocessors and AMD has been in a downfall ever since. Our customers expected AMD to take on the Core Duo with an innovative product that would not only offer them more value but unprecedented performance both in professional applications as well as in entertainment applications. Sadly, under my command, this did not take place. Product after product that I have introduced had failed to deliver even a smidge of what the Core Duo and now the new Core 2 Duo made possible. I would like to take this opportunity to bow my head in shame and apologize to both you, the customers as well as to the shareholders whom we've continuously let down for not being able to deliver competitive products. We tried to save the company by acquiring ATI Technologies but that sunk us lower into financial trouble and now our Q2 2008 results show a catastrophic $1.2 billion in losses. Dirk is a gifted leader who possesses the right skills and experience to steer AMD away from almost certain bankruptcy. I was not competent enough to keep this from happening but rest assured that I am placing the dying company in excellent hands. AMD will once again flourish! HEIL HITLER!"
I don't have the money dude. I got what I could. Besides, I couldn't find any Intel boards with at least 3 usable PCI slots.
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