Items tagged with Seifert
It’s almost like people don’t like being in charge of tech companies anymore; joining OCZ’s (former) CEO Ryan Peterson and NVIDIA’s (former) GM of mobile business Mike Rayfield, AMD’s CFO Thomas Seifert is leaving the chipmaker “to pursue other opportunities” that likely include a permanent CEO position. Seifert had been pulling double duty as the company’s CFO and temporary CEO, keeping the seat warm for a few months until the company could replace outgoing CEO Dirk Meyer. AMD had excused Meyer after only 18 months on the job, making Seifert the third guy to take the reigns at AMD in an uncomfortably short amount of time. Eventually, AMD tapped...
Read more...
AMD's burgeoning profitability took a hammering in Q1 thanks to a $700M deal with GlobalFoundries, its purchase of SeaMicro, and a sequential decline in sales. Total company revenue was $1.59B (down from $1.69B in Q1 2011), but Sunnyvale delivered a $590M net loss. Much of that is attributable to the company's new deal with GlobalFoundries, in which AMD paid GF $700M, and transferred all of its ownership stake in the company in exchange for "non-exclusivity" for 28nm APU production. Put simply, AMD paid GF for the right to manufacture 28nm APUs somewhere else -- and they paid through the nose. Computing solutions revenue fell 6 percent sequentially while graphics revenue held constant. One positive...
Read more...
AMD's second-quarter results showed a small decline in sales revenue, but according to Mercury Research, a drop in ASPs year-on-year hid the smaller company's market share gains. AMD's total share of the x86 industry stood at 19.4 percent in Q2, up from 17.8 percent a year ago. Intel is estimated to have held 79.9 percent in Q2 2011, down from 81.3 percent last year. Dean McCarron of Mercury Research attributes AMD's gains to a mixture of low pricing on its older products and strong demand for the newer Fusion parts. The Llano APU has gained ground rapidly in mobile, which has long been a weak spot for AMD; historically, even when the company had strong desktop and workstation/server hardware,...
Read more...
When AMD announced roughly one month ago that it was firing Dirk Meyer as CEO, it touched off a controversial debate as to the reason for the CEO's dismissal. The fact that the dust from that decision has scarcely settled hasn't deterred AMD from wielding the axe again—this time it's chief operating officer Robert Rivet and senior VP for corporate strategy, Marty Seyer, whose heads are on the chopping block. As with Meyer, AMD refused to provide additional information on why the new men are leaving the company, noting only that they intend "to pursue new opportunities." Unlike Meyer, who was forced out immediately, both Rivet and Seyer will stay on for a brief period to help smooth the...
Read more...
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...
