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[CNBC] AMD CEO Dirk Meyer Resigns, Surprising Investors

post #1 of 114
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Quote:
Monday, 10 Jan 2011 | 5:12 PM ET

Advanced Micro Devices said Dirk Meyer has resigned as president, CEO and director and will be succeeded on an interim basis by CFO Thomas Seifert.

Meyer's resignation was announced after the market close. AMD stock [AMD 9.19 0.36 (+4.08%) ] fell in after-market trading. (Click here for latest quote).

"I think investors will be surprised by this," Craig Berger, an analyst at FBR Capital, told CNBC. "I think Dirk has done a fairly good job from what I can tell as an outsider."
Source

Right now, 1/10/2011?
Edited by linskingdom - 1/10/11 at 2:19pm
post #2 of 114
Can't say I saw that coming...
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post #3 of 114
Interesting play of events.
post #4 of 114
A bit surprising, if you ask me.
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post #5 of 114
right on the cusp of AMD launch bulldozer. wow... That is very very shocking.
post #6 of 114
Quote:
Originally Posted by AMD SLI guru View Post
right on the cusp of AMD launch bulldozer. wow... That is very very shocking.
I know. It makes one wonder, why is he resigning now, on the verge of the new cpu launch?
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post #7 of 114
Another sign of 2012.
post #8 of 114
ABANDON SHIP ABANDON SHIP ABANDON SHIP



I really hope not. I've been an AMDer (read: poor) my whole life.
post #9 of 114
I wonder if he knows something we don't?
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post #10 of 114
Breaking News: Bulldozer delayed until futher notice due to lack of stock and funds for the chip
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Overclock.net › Forums › Industry News › Hardware News › [CNBC] AMD CEO Dirk Meyer Resigns, Surprising Investors