Please remove that guys pic its scarry loading TR and seeing that.

Buried in all that good news (Dirk is in!) and bad news (Ruiz is still on the Board!) is the "discontinuing" of the handheld and CE business. Sure it was for "financial purposes", but this has been reported/interpreted elsewhere as getting out of the business.

I don't know the numbers, but with the Imageon stuff powering a lot of cellphones and a majority of HDTV sets, I would imagine that little division is not losing money. So why are they getting rid of that? It would be sad if that tech got swept under the covers and buried forever. At this point Nvidia's shipping handheld chips can't compete in power consumption yet. And the Imageon stuff was lifted to be put into UVD. So it makes sense to me to continue development in that area.

If they really are going to quit that business I hope they at least spin it off or sell it outright.

Congrats on your promotion, UberGerbil!

Chief Operating Officer Dirk Meyer has taken the helm
* gives standing ovation *

honestly, they could have replaced ruiz with a duck and i'd give an ovation

it's great to see that Ruiz was pushing the envelope right to the end
in his final days as CEO he beat a long standing achievement intel made around 2003
intel made quite an impressive feat and overall was quite hard to top
with with Ruiz's efforts he has now set the benchmark for aspiring CEOs

Intel:
- mid 2000 share price ~$73.00
- ~2 years later, share price ~$15.00
- 79.5% loss in value

AMD:
- early 2006 share price ~$40.00
- 2 years later, share price ~$6.00
- 85.0% loss in value

Ruiz is still on the board...talk about a half-measure.

Why are they putting an engineer as CEO? That sounds dumb. CTO? Sure. Why not get someone with some business smarts to run the company and let the engineers... engineer. They certainly need all the help they can get.

Hector is a double agent. He's paid by Intel to diminish Amd from the face of the earth and break it into insignificant tributaries.

What did this guy do, divert a lot of the money from cpu r/d sections of amd into his own pocket and the ati black hole?

AMD really really need to be just selling low cost CPU's to the masses again in huge volume to pick up steam.

It's been said many times over the years 'oh no AMD is going under' but really at the rate they are bleeding at the moment and with the performance estimates of nahalem, it's a genuine worry we could be intel only for CPU's in 2 or 3 years.

We all know what intel are like when they are substantially in the lead... I recall 1000$ 486 DX's and Pentiums.

They still allow Hector to be chairman of the board and receive a couple hundred thou a year?
For his pass poor performance, the guy should be completely out of the company.

His not totally dead Hector will be running the Fab facility of AMD but now no longer under AMD, so AMD is now fabless.

According to our sources, Asset Smart will spin off AMD’s fabs into a new company that will be run by Hector Ruiz. Dirk Meyer will keep control of the development and then fabless AMD.

http://www.tomshardware.com/news/amd-hector-ruiz-ceo,5926.html

I've become an uber fanboy of Core2 since it debuted, but it's nice to see some glimmer of hope finally hit AMD. It seemed like it's been all doom and gloom with Ruiz at the helm. Director of Engineering for the Athlon? That bodes somewhat well, though I guess being CEO and manager of an engineering crew a little different.

Isn't this the same Board that basically put him there? The entire management needs a shakeup. Carl Icahn anyone?

At last, Ruiz is out! But he's still in the board ?
Is AMD going to keep paying this "fat cow" ?
I really don't understand the logic, especially since I'm sure his salary will probably not receive any cut.

Actually they were saposeto break even in Q3 thats what Ruiz said but i guess the Board lost faith and canned him early. Take the 1 time charge and let all the bad news out now so it will all be pointed at Ruiz and give Dirk a free pass

Side note.

It is easy to spot the newspaper reporters who aren't exactly on top of their game when they spell AMD as A.M.D.

In other news, the EU has found new charges against Intel:
http://online.wsj.com/article/SB121632333455962823.html

Ouch for AMD.
Ok, AMD got a new CEO {Dirk meyer} who also used to work for Intel in their microprocessor design group but that was quite some time ago.
Theres still hope for AMD, I can see the light at the end of the tunnel.

Let's just hope the fanboys realise that a change of CEOs won't magically fix everything :).

Step One: Admit your CEO has a problem.

THE WITCH IS DEAD

Asset Smart completed !!!

And yet I doubt this will actually help AMD.

Best news I've read all day.

(Only news too).

I think his time was always up given that AMD were supposed to break even this quarter. It's not a sackable offence to run your company into the ground, breaking your promises is a different matter though.

YES! They should've canned his ass years ago, and they shouldn't leave him onboard at all. I hope it isn't too late to turn the company around.

I think I speak for all AMD fans when I say:

KTHXBYE! DUN BE BACK!