AMD CEO Hector Ruiz is out the door. While he drove their burly competition with Intel, he's also responsible for AMD's poor acquisition of ATI and its struggles of late, like losing money for seven straight quarters, leading them to dump their handheld and DTV businesses. Taking over is Dirk Meyers, who's more chip geek than businessman. Maybe that's what they need. [Cnet]
Its very obvious there are those who are upset with AMD. Their acquisition of ATI was a mistake, the numbers made sense but the problem always lies in merging these two giants to offset the costs/fees in their acquisition.
Business is business in most cases but when the competition is another giant (intel) and they are padding everyones pockets to hinder AMD efforts to market their product, eventually, this will effect the bottom line. Poor performance of a company is not just the reflection of the CEO, but the entire management team. It is obvious those of you who have negative comments have the right to post but in my experience it is usually those who are
'armchair quarterbacks' if I may be so bold.
AMD/ATI is a powerhouse, yes, AMD may lack attributes Intel may possess and we must remember these two giants have been throwing fisticuffs at each other for a very long time, both have amazing stamina and both will be here in the future.
The change in leadership will give new vision and plan to the company and its profitabiliy.