Items tagged with CEO

AMD released its results for Q2 2011 today and the news was generally good, though not as strong as investors might have preferred. Sales revenue was $1.57B, down two percent from Q1 and five percent year-on-year. AMD notes that Q2 was a 13 week quarter as opposed to the 14-week Q1, but that's not something that hurt Intel's results. Operating income was $105 million, up from $54M in Q1 and down from $125M, year-on-year. The company reports that customer and OEM response to the Llano and Brazos APUs has been excellent, and the two platforms already account for more than 50 percent... Read more...
One might say that Steve Jobs can't be doing too terribly bad (regarding his health) if he has it in him to go out on the town for dinner, but when the President calls you, we assume you make every effort to hide any ailments and just make the event. Barack Obama attended a dinner in northern California this week with loads of higher-ups from tech companies around the U.S., including Apple CEO Steve Jobs, Facebook founder Mark Zuckerberg, Google's CEO Eric Schmidt, Oracle CEO Larry Ellison and numerous others. The President's 2-day visit to the west coast was reportedly aimed at "promoting technological... Read more...
The times, they are a-changin'! It's not exactly normal to see two high-profile companies announce market-shaking news about their primary leaders in the same week, but 2011 is definitely shaping up to be an unusual year. Just a few days after Apple's Steve Jobs decided to take a medical leave of absence, Google has announced that Eric Schmidt will be stepping down as CEO of the search giant. That's right, Google's getting a new CEO. It's a bombshell of an announcement, but it doesn't have the scandalous underpinnings that HP's CEO change had last year. Instead, Eric will remain on Google's staff... Read more...
With Dirk Meyer out the door and AMD publicly hunting for its new CEO there's a great deal of speculation as to who AMD might want sitting in the center seat. The board's options may be more limited than it likes; several analysts have raised questions as to the BoD's credibility in the wake of Meyer's dismissal. AMD announces its Q4 earnings later today; questions about Meyer's departure will undoubtedly be on everyone's lips. Speaking to EETimes, Andy Price, a managing partner at the executive search firm Schweichler Price Mullarkey and Barry, said: "The first question people are going to ask... Read more...
Steve Jobs is in the news again today, and not for the best of reasons. Last week, Apple's Chief Operating Officer Tim Cook took the stage at a Verizon Wireless event in New York City in order to co-introduce the iPhone 4 for VZW. Many found that peculiar. Why wouldn't Steve Jobs take this opportunity to introduce such a monumental phone in the U.S. market? There's no firm confirmation that Jobs was already leaning towards taking a break, but we wouldn't doubt it given today's report. Jobs, who is and will remain Apple's CEO, is taking a medical leave of absence from the company that he turned... Read more...
And just like that, another CEO rolls into an HP corner office. Not even two months after HP's Mark Hurd resigned as the CEO of Hewlett-Packard, a replacement has been found. It's not immediately clear why the temporary CEO wasn't positioned as full-time, nor is perfectly clear why HP went outside of the company. We always have to wonder what kind of impact is has on employee morale when a company seeks a CEO from outside of the company (was no one in the company good enough? was the company in need of a culture shift?), but nevertheless, Léo Apotheker is taking over. The HP Board of Directors... Read more...
And just like that, it's done. Rumors were flaring over the past couple of months that Nokia's existing CEO was on the hot seat. We guess those rumors weren't wrong. It's being reported that a search for a new Nokia CEO had been ongoing since at least May, and it seems that Olli-Pekka Kallasvuo's replacement has now been found. The timing could not possibly be stranger. Nokia World, which is Nokia's annual gala to showcase new software and hardware, is scheduled to take place in London next week. Just days after that, Olli-Pekka Kallasvuo is scheduled to depart (September 20th). Going out... So,... Read more...
Less than 24 hours after Oracle named ousted HP CEO Mark Hurd as co-president, HP has filed a breach of contract lawsuit against him. To be honest, if Monday had not been Labor Day, and if the announcement hadn't been made so late in the day, they probably would have filed a lawsuit that same day. While Hurd didn't sign a non-compete agreement, the lawsuit focuses on confidentiality agreements in his exit package. That package was worth over $40 million, so Hurd will have plenty of money to fight the lawsuit with (although we honestly assume Oracle lawyers might be handling things). Oracle CEO... Read more...
Ousted HP CEO Mark Hurd, 53, who abruptly resigned on Friday after an investigation into allegations of sexual harassment, will receive an exit package worth $28 million. In fact, prior to Friday's events, Hurd had been negotiating with the company over a new three-year contract which would have been worth $100 million, according to an unnamed person familiar with the negotiations. Hurd had previously been applauded for HP's rise as the world's largest technology company. However, the company's investigation after a complaint over a sexual harassment complaint found that Hurd had falsified expense... Read more...
Out of nowhere, HP CEO has resigned. Quit. Left the company. Headed for other pastures. Late on a Friday, after most investors had headed out for the weekend, Hewlett-Packard quietly dropped a bomb that their CEO was no more. Effective immediately, CEO Mark Hurd no longer has his CEO title, and CEO Cathie Lesjak has been appointed interim CEO. The reason? Anytime there's a sudden departure, rather than a departure where the existing CEO helps bring on his or her replacement, it usually means scandal. And in this case, it's a scandal. HP has confirmed that there has been a claim of sexual harassment... Read more...
Where this is smoke, there is fire, right? That's the old saying, and it's not still being said for no particular reason. Nokia as a whole has been struggling to keep pace over the past few years, mostly due to an inability to release a "hero level" smartphone to compete with the iPhone and various other Android phones. But they're also struggling to keep sales up in general, and struggling to keep selling prices as high as they have been. A mountain of related issues have led the company to report an underwhelming quarterly earnings, with Q2 profits sinking an incredible 40% year-over-year. And... Read more...
To say that the writing hasn't really been on the wall means that you really haven't been paying attention to Nokia. Though the company still holds on to the "biggest in terms of global market share" award, Nokia has recently come under fire for not producing adequate rivals to the iPhone and a host of Android phones that currently lead the market in terms of smartphone allure. Best on a new report in the Wall Street Journal, Nokia is currently searching for a new CEO. That's right. A search for a new chief executive has been launched, but of course the company isn't responding to the rumors. But... Read more...
Olli-Pekka Kallasvuo is probably the most oddly named CEO in the world, but it's okay, since he's the head of the planet's biggest phone maker in terms of global market share. But Nokia isn't the giant they once were, and holding the lion's share of the phone market is becoming much, much more difficult with new players like Apple and HTC really stepping up their game. Nokia has yet to really come out with a "superphone" that can rival the iPhone, DROID and HTC Incredible (not to mention the Google Nexus One), and the company's true smartphone share has been slipping because of it. Thankfully for... Read more...
Several financial analysts have weighed in on AMD's Q2 performance since the company announced results, and their collective opinion has been anything but good. In the wake of its earnings call, AMD has been taken to task over its failure to provide an answer to Atom (or a netbook processor in general), weak margins, and strong competition from Nehalem and the mainstream parts based on it that will launch in the second half of this year. If you want the full tally, have a look at ZDNet's report here. A number of these criticisms are well-founded, but dinging the company for its supposed failure... Read more...
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