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DV Hardware (Free subscription) | 07/24/2008
Last week AMD announced its second quarter financial results and things weren't exactly rosy, the company announced a $1.189 billion loss on a $1.349 billion revenue. That includes the $900 million charge the company took to write down the value of underperforming parts of the ATI business. AMD decided to fire CEO Hector Ruiz and appoint former president and COO Dirk Meyer as new CEO...
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Portfolio.com: The Tech Observer (Free subscription) | 07/18/2008
Kevin Maney sighs: It's amazing how quicky fortunes can reverse. Just a few years ago, Hector Ruiz was a tech industry hero. As CEO of AMD, he led the chipmaker through a time when it actually gave Intel fits and had some of its best financial results ever. Born in Mexico, Ruiz gets credit for the first sparks of the movement to make low-cost computers for developing nations --...
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TechSpot (Free subscription) | 07/24/2008
Rumors have been abound in recent months that AMD is planning to spin off its chip manufacturing business, after the company's former CEO Hector Ruiz briefly mentioned AMD's future asset-smart strategy earlier this year. It now seems that those rumors have been confirmed (sort of), with AMD's newly-appointed CEO Dirk Mayer stating that the company is ready to sell off its manufacturing...
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BetaNews (Free subscription) | 07/18/2008
Posting a second quarter net loss of $1.19 billion, its seventh money losing quarter in a row, AMD's Hector Ruiz will hand the CEO position over to President and COO Dirk Meyer.
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eWeek (Free subscription) | 07/18/2008
After AMD CEO Hector Ruiz leaves his post and President Dirk Meyer takes day-to-day control of the chip maker, AMD will embark on a less ambitious agenda that will focus on chips for servers and PCs as well as processors for the low-cost notebook market. - Former Advanced Micro Devices CEO Hector Ruiz never lacked an ambitious agenda the small but innovative chip maker when...
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InfoWorld (Free subscription) | 07/19/2008
The European Commission amended its antitrust charges against Intel that were filed a year ago to include three new claims. While that news was expected, word that Hector Ruiz has been replaced as head of Intel rival AMD was not. That news broke on Thursday, which was a hopping-busy day for IT headlines, including the arraignment of a San Francisco IT administrator who authorities say...
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Capitol confidential (Free subscription) | 07/18/2008
Senate Republican Majority Leader Dean Skelos offered reassurances Friday in the wake of news that the CEO of Advanced Micro Devices, Hector Ruiz, was stepping down amid a $1.19 billion loss last quarter. That’s a big deal in the Albany area since Skelo’s predecessor as leader, Joe Bruno worked hard to create a $1.2 billion incentive [...]
