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Hector Ruiz steps down as Spansion's Chairman of the Board

Spansion, a company experienced in the development of flash memory and formed by AMD and Fujitsu in 1992, is experiencing a changing of the guard in the Chairman of the Board position. Hector Ruiz, who serves as Chairman and CEO for AMD, also served as Chairman of the Board for Spansion -- that position will now be taken over by Donald L. Lucas.

In addition, Gilles Delfassy was also appointed to Spansion’s Board of Directors. "Their deep semiconductor business, operations, financial and technology expertise will be a strong complement to the board in an exciting time for the company as we continue to redefine the Flash memory industry," said Spansion CEO Bertrand Cambou.  "On behalf of the Board, I would like to thank Hector for his considerable contributions as an inspirational and instrumental leader for the Spansion Board, who played a significant role in helping Spansion achieve its status as a leading, independent NOR Flash memory company."

Lucas has been affiliated with a number of companies over the past thirty years including National Semiconductor Corporation (which he helped to found), Oracle and Dexcom. Delfassy served as senior vice president for Texas Instruments.

"I have always been interested in and worked with great leaders of technology companies," remarked Lucas. "With a Board of Directors focused on improving the company’s capital structure, a strong management team, solid long term strategy and compelling technology and solutions, Spansion is well positioned for future success."

"In my role at Texas Instruments, I worked closely with Spansion over the years through a strong alliance in the wireless area," added Delfassy. "I now look forward to joining the board and more directly participating in Spansion’s growth opportunity."

Ruiz's departure from the Spansion board should give him more time to focus on ensuring the success of AMD's new Barcelona architecture. AMD's L3 cache-equipped Barcelona processors are based on a 65nm manufacturing process and feature up to 4.5MB of onboard cache.

AMD's new quad-core and upcoming triple-core Barcelona processors will be going toe-to-toe with Intel's upcoming Penryn family of processors.



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What next
By crystal clear on 9/27/2007 5:23:24 AM , Rating: 2
Read about their backgrounds/resume & think ......What next?...

Don Lucas has been a self-employed venture capitalist since 1967. He was an associate, a general partner and a limited partner of Draper Gaither and Anderson. Early in his career as a venture capitalist, Lucas led the founding of National Semiconductor Corporation.

http://investor.spansion.com/releasedetail.cfm?Rel...

He is a Venture Capitalist !!!

Gilles Delfassy, previously senior vice president of Texas Instruments Incorporated, has been at the helm of the company’s successful wireless terminals unit since its inception in 1995, growing it into a multibillion dollar operation. Under his guidance, TI became the world’s leading supplier of semiconductors for the wireless industry. He joined TI in 1978. Before his position in Dallas, Texas, he served as TI’s European Digital Signal Processing (DSP) Department Manager and before that he was running TI Europe’s Automotive Electronics business.


If you study their backgrounds,you notice the following-

* Don a venture capitalist

*Giles with a professional IT & managerial expertize.

It has been reported in the past in financial circles about private equity taking over AMD.

AMD says open to private equity financing
Thu Apr 19, 2007 7:41pm EDT

SAN FRANCISCO (Reuters) - Advanced Micro Devices Inc. (AMD.N: Quote, Profile, Research) is "completely open" to private equity financing if it makes sense for shareholders, a senior executive said on Thursday.

"We have absolutely no prejudice or bias toward the source of capital as long as it makes sense for us. We are completely open toward any of those opportunities," Chief Executive Hector Ruiz said when asked if the company would consider a deal with private equity.

"If it's something we think makes sense for our shareholders, we will certainly consider it," Ruiz said.


http://www.reuters.com/article/hotStocksNews/idUSN...

Over the past year, AMD shares have fallen 50 percent, compared with a rise of 30 percent for Intel. AMD stock rose 2.6 percent on Monday to close at $12.94 on the New York Stock Exchange.


Reuter-Tue Sep 11, 2007 3:51pm EDT

Note-AMD shares have fallen 50 percent & a third quarterly loss in a row.


A takeover/buyout is on the way very soon !

Out goes the current (full)management team -In comes the Venture capitalist team & AMD is ready to take on Intel head to head.

Finance will then be a problem of the PAST-Plently of money for R&D and Marketing.

Time will tell................




"My sex life is pretty good" -- Steve Jobs' random musings during the 2010 D8 conference

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