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AMD CEO steps down
AMD has been faltering for quite a while now, and though recently the Radeon HD series has made a very nice comeback, times have still been tough. The purchase of ATI set them back seriously in financial terms, and the continued losses to Intel in the CPU market hasn't been any help. As a result, the CEO of AMD has opted to “take responsibility” for the decline of the tech giant and is stepping down.
Hector Ruiz also led AMD through much of their glory days in the early 2000s, so it is hard to actually place blame on a single person, but perhaps a new person in the top spot can provide a refresh on where the company is going.
User Comments (2)
Post a comment| Didou on July 18, 2008 12:09 AM | I think the biggest mistake he has made was overestimating ATI's value when they purchased them. If they had kept that extra money or invested it in better places (R&D for the Phenom & the ATI 2900XT for examples), they would not be in such a bad shape today.
He still had a good run though as the article says, so I'm tip my hat & wish him good luck on his future endeavors.
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| tedster on July 18, 2008 6:12 PM | AMD has been sucking for quite a long time. They bit off way more than they could chew with ATI and this could choke them to death (literally). Hopefully they will be able to pull themselves out of this deep hole, but financially it is unlikely.
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