Just when you thought it could not get any worse for AMD,
someone throws another gallon of gasoline on the fire to stoke the flames.
Earlier this week, DailyTech reported
that AMD intends to cut
1,600 jobs by year's end to improve its financials.
AMD, which has yet to release its first quarter earnings, issued
guidance suggesting that its Q1 revenues will come in 15% lower than the year ago
period at about $1.5B USD. AMD experienced losses in every sector of its
business and we'll be able to see the full damage report once the official
tally is brought down from Sunnyvale, CA.
In the mean time, the company today lost its Chief
Technology Officer (CTO) and Senior Vice President, Phil Hester. According to
AMD's bio on Hester, which has since been removed from the site, he was
"responsible for setting the architectural and product strategies and
plans for AMD’s microprocessor business." Hester also chaired AMD's
According to MarketWatch,
Hester wishes to "pursue other opportunities" in his absence from
AMD. Strangely, AMD says that there will be no replacement for Hester at the CTO position.
Hester's departure couldn't have come at a worse time for
AMD. AMD is just now trying to gain some traction after shipping B3
Opterons sans the TLB
bug that made the news circuits in December 2007.
AMD hopes to push its Opteron and Phenom processors based on
a 65nm manufacturing to 2.6GHz by the fall of 2008. 45nm Shanghai
processors will have to wait until early 2009 if all things go according to
schedule for AMD.