backtop


Print 78 comment(s) - last by mars777.. on Jul 15 at 7:12 AM

Former ATI president and CEO resigns from AMD

AMD today announced Dave Orton, executive vice president of AMD, has resigned. The resignation is effective in the end of July 2007. Orton was the former president and chief executive officer of ATI before the merger with AMD. A new executive vice president has not been appointed yet.

“It is with mixed feelings that I am leaving AMD,” Orton said. “I am very optimistic about AMD’s future. I believe strongly in the strategies that brought AMD and ATI together and the talented employees of the ‘new AMD’ who are committed to winning in the market by delivering the best possible solutions for customers.”

Orton was one of the “key drivers in the successful integration of AMD and ATI,” according to AMD President and Chief Operating Officer Dirk Meyer. “With his integration work complete and the successful launch of key graphics and chipset products earlier this year, the time was right for Dave to take his personal and professional life in a different direction,” he added.

Despite the “successful integration” of AMD and ATI, the company continues to hemorrhage cash, with debts mounting up fast and an estimated $1.1 billion in the bank. The company also posted a first quarter loss of $611 million USD.  



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: wa
By mmarq on 7/11/2007 4:39:56 PM , Rating: 1
quote:
Thats why they have been playing catch up to AMD since the K6 right?

You couldn't be more wrong.

Well since the K6 no, but since the K7 and K8 yes. And AMD can blame itself, and the huge influence of Intel upon the spin bullshitting press for not being able to dent a much much larger dent on Intel market share.


RE: wa
By zsdersw on 7/12/2007 12:04:07 PM , Rating: 2
quote:
but since the K7 and K8 yes.


Incorrect. Core 2 has places Intel in the lead. Now it's AMD's turn to catch up.


RE: wa
By zsdersw on 7/12/2007 12:33:17 PM , Rating: 2
has *placed* Intel in the lead, I meant to type.


"Young lady, in this house we obey the laws of thermodynamics!" -- Homer Simpson

Related Articles
AMD's Large Debt Mounting Up Fast
April 29, 2007, 1:54 PM
AMD Posts $611 Million Net Loss in Q1
April 19, 2007, 9:13 AM
AMD-ATI: A Done Deal
July 24, 2006, 5:00 AM













botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki