Bitnile Bittorrent php-nuke - Two Top AMD Execs Resign

The company replaced two top VPs and formed a central engineering unit as part of an ongoing reorganization. By Antone Gonsalves Advanced Micro Devices, which is trying to reverse more than a year of losses in competing against Intel,...

On Monday, Advanced Micro Devices (AMD) announced several management-related changes and also presented its new organization that will be in charge with overseeing the company’s product road map. Thus, AMD's computing solutions group got a new senior vice president, Mr. Randy Allen; Mr. Chekib Akrout and Mr. Jeff VerHeul were chosen to lead the newly established organization. The competition between AMD and Intel hasn’t been going very well for the first and the company is struggling to come up on top. At the beginning of April, AMD announced that it would have to make very serious workforce cuts. Until the official statement was released, this had only been a rumor but as AMD confirmed the ten percent cut, close to 1,600 employees are to be laid off by the end of the third quarter of 2008. AMD has reported a net loss of no less than $396 million, meaning $0.71 per share, for the third financial quarter of 2007. The losses have also included a $120 million charge related to AMD’s last year acquisition of ATI Technologies. However, the revenue that the company has recorded for the third quarter of last year has been of $1.632 billion, which means 18 percent year-over-year increase for the popular Intel’s rival.Things aren’t looking good at all as according to AMD...
Click here to read the content (Source Enews 2.0)