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: lol
By mmarq on 7/13/2007 4:40:37 PM , Rating: 2
Yes, i agree with you.

It seems nowadays AMD is ruined... oops runned... more and more by Microsoft. They are, it seems to me, in the position of trying to reedit the Wintel version of history( winamd?), while Intel is eager with the Open Source world... open sourcing much of their drivers...

For one thing, that was the *only one* story of partnership with Microsoft that was truly beneficial for both parts. Because if i remember correctly since from Apple and IBM, only resulted in law suits, or Microsoft walking out smiling and the other part with some pennys or with a mark of Microsoft foot on their faces.

If they pull this story right they may have a lot of success, but since history very rarely repeats itself in the good parts, it may end up that Hector has received a * kiss of dead *, and since MS don't have any Fab resources, and are eager to, because of Xbox, and making PCs for only itself, i wouldn't be to damn surprised if Microsoft ends up buying AMD if things gets too soared for AMD side.


"The whole principle [of censorship] is wrong. It's like demanding that grown men live on skim milk because the baby can't have steak." -- Robert Heinlein

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 2015 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki