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Analysts chime in on departure of AMD CEO

Posted on Thursday, January 13 2011 @ 00:55:46 CET by

EE Times published an overview of what analysts are saying about AMD CEO Dirk Meyer's resignation, you can read it over here.
Hans Mosesmann, an analyst with Raymond James & Associates, said: ''As a lagging indicator, last night AMD announced in somewhat rushed fashion that CEO Dirk Meyer had resigned with CFO Thomas Seifert becoming interim CEO. We believe AMD has an immense challenge ahead, and getting a few points of share in commercial notebooks, for example, is not going to change the strategic challenge ahead in x86 computing – something that even the mighty Intel may not have figured out quite yet.

We speculate that only one leader could make an AMD turn-around plausible, definitely exciting, and that is Jerry Sanders III, AMD's co-founder. A bitter pill to swallow for some on the board of directors for sure; but what AMD needs more today than ever is leadership, vision, and passion (not an engineer's engineer or an operational manager).''



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