Items tagged with Sanders

AMD has released its fourth quarter 2010 financial results and they're nice numbers to end a year on. The company's revenue of $1.65B was up two percent quarter-on-quarter and flat compared to 2009. Despite the sales plateau, AMD's position has substantially improved over the past 12 months; the company reported a Q4 net income of $375M for the quarter and $471M for the year. Part of that improvement is due to trimming costs—the company's yearly R&D expense was just $352M compared to $432M in 2009—but a hefty chunk of AMD's net income for the year comes courtesy of a legal settlement. AMD evidently settled a patent dispute with an as-yet-unknown company who paid AMD $283 million... 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 is, 'What's the real story about Dirk." Asked how the BoD's actions had been received, Price pointed... Read more...