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[CNBC] AMD CEO Dirk Meyer Resigns, Surprising Investors - Page 9

post #81 of 114
Quote:
Originally Posted by Kaldari View Post
It's when someone gets angry (rages) for being less than adequate somehow in a situation, so they hastily remove themselves from it.
Thanks, not quite what I was getting at, and I kind of understood anyway, but thank you none the less.
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post #82 of 114
I'm worried about BD now too. Even if he wanted to retire and spend time with his family, if BD is expected to be a huge success, he would probably want to wait for that so he can get more out of his stock options. Also Fusion is about to be released, if that's as good as they are touting it to be, he has no reason to resign now.
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post #83 of 114
not good...
i really hope this doesnt jeopardize the company! ive been AMD since day one practically!
(first CPU was VIA tho second was a crappy P3 dell and 3rd was a rapez0r A64 3200+)

who knows, maybe the new one will do better? :/
i wonder what JF-AMD has to say about this.
    
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post #84 of 114
Meyer is a marketing retard. An utter failure at promoting AMD for what it is, and this is the final proof of that fact. One often wonders who actually signed his paychecks, LOL. I do hope that who ever takes over, puts AMD on track.
post #85 of 114
Quote:
Originally Posted by awdrifter View Post
I'm worried about BD now too. Even if he wanted to retire and spend time with his family, if BD is expected to be a huge success, he would probably want to wait for that so he can get more out of his stock options. Also Fusion is about to be released, if that's as good as they are touting it to be, he has no reason to resign now.
You don't magically lose your stocks when you resign. He will still benefit financially if BD is a success.
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post #86 of 114
Wall street journal is reporting he was forced out by impatient board of directors and he will get serverance package.
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post #87 of 114
Quote:
AMD logoAdvanced Micro Devices (AMD - option chain) stock is trading lower today after the company announced the resignation of CEO Dirk Meyer, naming Thomas Seifert interim CEO. Investors are surprised by this announcement, since Meyer took over AMD when the company was floundering and has since stabilized AMD. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on AMD.

This morning, AMD opened at $8.77. So far today the stock has hit a high of $8.80 and a low of $8.35. As of 12:25, AMD is trading at $8.49, down $0.70 (-7.6%). The chart for AMD looks neutral and S&P gives AMD a neutral 3 STARS (out of 5) hold ranking.

For a bearish hedged play on this stock, I would consider an April bear-call credit spread above the $10 range. A bear-call credit spread is an options position that combines the purchase and sale of call options to hedge risk in case the stock doesn't do what you think but still leverage nice returns. For this particular trade, we will make a 7.1% return in three months as long as AMD is below $10 at April expiration. AMD would have to rise by more than 17% before we would start to lose money. Learn more about this type of trade here.
I'd wait to buy after a few days (after stocks drop further), AMD isn't going anywhere, and IF Bulldozer is all that and a bag of chips (likely), we will see their stock rise tremendously!

My guess is this some sort of ploy for the big boys to underlay some serious money (buy lots of stocks) before the big launch... We shall see... (The anticipation is killing me!)

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post #88 of 114
Quote:
Originally Posted by xtremerunnerars View Post
Anyone think this might actually be a GOOD thing for investors?

Looking at it in a positive light: AMD launches a new chip, starts doing well..getting rid of old management at the same time shows an organization that's making moves and headed in a new direction?
Well, rightsizing, downsizing, and such is a very popular trend in this um...

Severely strained economy..?

I've seen many corps folding up shop over the last 2.5 years, many have been gulped up at fire sale prices by larger corps (banks & investment firms included), and with the Fed buying up hundreds of billions of dollars in Bonds because everyone is in dire fear of inflation or worse deflation, who knows what's next!

In days like we are in now, one can only try to find a way to get more cash flowing in, hope that they have enough money to pick up some of these fire sales ourselves.
Edited by _GTech - 1/11/11 at 9:20pm
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post #89 of 114
Quote:
Originally Posted by ItsEggrollTime View Post
You don't magically lose your stocks when you resign. He will still benefit financially if BD is a success.
But the act of resigning has already caused the stock price to drop, stock options have an expiration date, so it would've been in his best interest to not resign if BD and Fusion are really as good as they said.
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post #90 of 114
Remember when Sega Dreamcast (love that console) came out and it was booming then the CEO decided to quit and everyone was wondering wth was he thinking...well we know the end of the story....CEOs know a lot more than we do about their companies and when one quits just before the launch of such a long awaited product...it makes you wonder for real....gosh AMD when, when are you going to come up with another Athlon 64 over Intel? Not that I dont like my i7 but some how , I have a sweet spot for AMD cpus.
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