Hector is out as CEO

[Phynaz]

Discuss...

 

[Markfw]

Discuss what ? No link ? Am I supposed to read your mind ?

 

[Idontcare]

Awesome! That is assuming they put someone in who's no worse.

Is Dirk in now? I always like the idea of Dirk in charge, based on nothing more than my perception of his capabilities from what was publicized about his management of the K7 design team and the Alpha chip at DEC.

 

[rchiu]

Originally posted by: Markfw900
Discuss what ? No link ? Am I supposed to read your mind ?

Links Yeak Dirk is in.

 

[Phynaz]

Nevermind, rchiu beat me to it.

 

[Idontcare]

AMD sends CEO Ruiz to executive chairman post as chip maker struggles

The executive changeover came as AMD reported that it lost $1.19 billion in the second quarter.

http://biz.yahoo.com/ap/080717/earns_amd.html

Holy shiza batman! :shocked: $1.2B lost in just Q2!?

 

[Phynaz]

Wow, AMD's stock price is jumping around like a jackrabbit on speed.

Unfortunatly mostly in the wrong direction.

 

[rchiu]

I think Ruiz did a solid job back in the 2000's with Athlon 64, x2, as well as the server Opteron product lines. But the success made him big headed and he made several strategic blunders. It's time for him to go (actually a year or more too late). Dirk Meyer seems to be a sharp guy and he was closely involved with the chip architecture and technology. Hopefully he will be able to turn AMD around. A hard thing to do since Phenom sucks and they are not likely to have any new architecture anytime soon. But we will see.

 

[Extelleron]

Originally posted by: Idontcare

AMD sends CEO Ruiz to executive chairman post as chip maker struggles

The executive changeover came as AMD reported that it lost $1.19 billion in the second quarter.

http://biz.yahoo.com/ap/080717/earns_amd.html

Holy shiza batman! :shocked: $1.2B lost in just Q2!?

Remember that includes another writedown taken on the purchase of ATI, $880M.

The actual loss on AMD's operations in Q2 is not anywhere near $1.2 billion. Although it is still not good, gross margins for one went down from 41% (Q1) to 37% (Q2).

 

[Idontcare]

Originally posted by: rchiu
I think Ruiz did a solid job back in the 2000's with Athlon 64, x2, as well as the server Opteron product lines. But the success made him big headed and he made several strategic blunders. It's time for him to go (actually a year or more too late). Dirk Meyer seems to be a sharp guy and he was closely involved with the chip architecture and technology. Hopefully he will be able to turn AMD around. A hard thing to do since Phenom sucks and they are not likely to have any new architecture anytime soon. But we will see.

What's never been clear to me is whether Ruiz actually had much to do with these successes (outside of not standing in there way as they became successes) or whether the credit really ought to go to Sanders and Dirk Meyers.

Sanders definitely had the Athlon project assembled before handing the reigns over to Ruiz, and Dirk led the team (IIRC) for these technological wonders of their time.

 

[Phynaz]

Youch, burned through another $320M of cash.

 

[rchiu]

Originally posted by: Idontcare

Originally posted by: rchiu
I think Ruiz did a solid job back in the 2000's with Athlon 64, x2, as well as the server Opteron product lines. But the success made him big headed and he made several strategic blunders. It's time for him to go (actually a year or more too late). Dirk Meyer seems to be a sharp guy and he was closely involved with the chip architecture and technology. Hopefully he will be able to turn AMD around. A hard thing to do since Phenom sucks and they are not likely to have any new architecture anytime soon. But we will see.

What's never been clear to me is whether Ruiz actually had much to do with these successes (outside of not standing in there way as they became successes) or whether the credit really ought to go to Sanders and Dirk Meyers.

Sanders definitely had the Athlon project assembled before handing the reigns over to Ruiz, and Dirk led the team (IIRC) for these technological wonders of their time.

Well he was the CEO at the time, so even tho he wasn't directly involved in the initial project, design, architecture and all that, he still has lot to do with manufacturing, selling the product, getting the partners and marketing it....etc

 

[AmberClad]

Originally posted by: Idontcare
Awesome! That is assuming they put someone in who's no worse.

It's hard to imagine anyone doing a worse job of running the company :roll: (and I don't mean running it into the ground...).

So, what of Hector's supposed golden parachute?

 

[Lonyo]

Originally posted by: rchiu

Originally posted by: Idontcare

Originally posted by: rchiu
I think Ruiz did a solid job back in the 2000's with Athlon 64, x2, as well as the server Opteron product lines. But the success made him big headed and he made several strategic blunders. It's time for him to go (actually a year or more too late). Dirk Meyer seems to be a sharp guy and he was closely involved with the chip architecture and technology. Hopefully he will be able to turn AMD around. A hard thing to do since Phenom sucks and they are not likely to have any new architecture anytime soon. But we will see.

What's never been clear to me is whether Ruiz actually had much to do with these successes (outside of not standing in there way as they became successes) or whether the credit really ought to go to Sanders and Dirk Meyers.

Sanders definitely had the Athlon project assembled before handing the reigns over to Ruiz, and Dirk led the team (IIRC) for these technological wonders of their time.

Well he was the CEO at the time, so even tho he wasn't directly involved in the initial project, design, architecture and all that, he still has lot to do with manufacturing, selling the product, getting the partners and marketing it....etc

So... that would be the time when AMD had a far superior product to Intel and failed ot make particularly significants into Intel's marketshare, right? When Ruiz was responsible for marketing, selling and getting partners.
So Ruiz isn't responsible for the good designs, but he is responsible for the failures to expand AMD's penetration when they were having good times.

 

[aigomorla]

good Fin riddance.

Now hopefully AMD will pick themself up.

Hector was a joke. I hope NASD/SEC goes after him for something.

 

[Markfw]

Originally posted by: rchiu

Originally posted by: Markfw900
Discuss what ? No link ? Am I supposed to read your mind ?

Links Yeak Dirk is in.

That link didn't take me to AMD news But this one did.

 

[Zap]

Originally posted by: AmberClad
So, what of Hector's supposed golden parachute?

Unless AMD finds a way out, Hector's getting a $9mil severence. That's in addition to his ever increasing pay rate regardless of company performance.

 

[taltamir]

Originally posted by: Zap

Originally posted by: AmberClad
So, what of Hector's supposed golden parachute?

Unless AMD finds a way out, Hector's getting a $9mil severence. That's in addition to his ever increasing pay rate regardless of company performance.

that is true, and one of the things i did not understand... then again, they might be getting off cheaply with that.

 

[magreen]

"So... that would be the time when AMD had a far superior product to Intel and failed ot make particularly significants into Intel's marketshare, right? When Ruiz was responsible for marketing, selling and getting partners. So Ruiz isn't responsible for the good designs, but he is responsible for the failures to expand AMD's penetration when they were having good times."
Damn right. What a leader.

 

[OCGuy]

So does this officially make Phenom one of those ironic names? Like calling the big bouncer at the bar "Tiny"?

 

[Idontcare]

Originally posted by: Ocguy31
So does this officially make Phenom one of those ironic names? Like calling the big bouncer at the bar "Tiny"?

That was self-evident when the name was selected by the marketing dept.

 

[chinkgai]

i was like oh noez! when i read that they missed expectations and as i read the article i was like yeehaw! when i read that hector's getting the boot.

the company really needs a fresh new leader.

 

[Soulkeeper]

i think EVERYTHING ruiz did was a failure, he had nothing to do with the athlon64's success imo
glad to see the idiot leave

the board should have fired him for performance reasons, instead of letting him step down at his own leasure

 

[Regs]

Party at my house, 9 o clock.

 

[Special K]

It says "Ruiz, 62, will continue in his role of chairman". How much power will he still have as chairman? It doesn't sound like he's truly "out".