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AMD's Rick Hegberg  (Source: AMD)
AMD loses another executive

In late August, DailyTech reported that Henri Richard would leave his position as executive vice president and chief sales and marketing officer for AMD on September 8. Richard had been with the company since 2002 and saw the Sunnyvale, CA-based company go through good times (Opteron successes) and bad times (post ATI acquisition difficulties).

Today, The Wall Street Journal is reporting that another AMD executive is jumping ship. Rick Hegberg, AMD's VP of worldwide sales, is leaving the company although a company representative declined to indicate when the resignation would take place or his prospects afterwards.

Hegberg was a former ATI employee and came to AMD after the 2006 acquisition. Hegberg is also the second former ATI executive to leave AMD -- former ATI CEO Dave Orton left in July.

It's interesting that three key executives are abandoning the company prior to the release of Barcelona. AMD's native quad-core processor family is just around the corner and the company has already announced pricing for the new chips.

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By PAPutzback on 9/5/2007 1:18:30 PM , Rating: 2
Henri Richard is one of the top 4 holders of stock. If people new their stock\life was going down the drain I think they'd be unloading their stock.

Two things I keep loing for each day - a X38 or Barcelona review.

By kilkennycat on 9/5/2007 1:41:20 PM , Rating: 5
Excellent time to dump executives... when the stock price is in the dumpster. Normally after departure, stock options have to be liquidated within 3 months.

By JonnyDough on 9/5/2007 2:51:56 PM , Rating: 1
Agreed. VERY good point. I already used my votes, someone vote the previous post up please.

By JonnyDough on 9/5/2007 2:54:23 PM , Rating: 1
This could also be a sign that AMD believes they are about to do good things. When the execs sell off stock, AMD gets a piece back and if the stock goes up, AMD makes more money. Let's not forget that AMD has had a very long term plan/vision and that acquiring ATI was supposedly part of that plan. To not see Core2Duo coming might have been a mistake, but I would guess that they weren't completely unaware it could happen. I'd say they have a game plan, let's all quit speculating and wait and see.

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