Valleywag
In today's scheduled conference with analysts in Austin, AMD CEO Hector Ruiz didn't make any rumored announcements about splitting the company into multiple divisions or contracting out the business of fabricating semiconductors. He did admit that 2007 was "a difficult year of transition," and that he was disappointed with the company's financial performance. Otherwise, he only promised that any plans regarding changes to AMD's fabrication division would come "in the very near future," and promised to cut any divisions that couldn't come up with plan to achieve profitability. Companywide, Ruiz promised only that he hoped to get the books back in black by the end of the year. The company's stock price was up briefly after the announcement on heavy trading after a drop, but is back to where it opened and treading water.
AMD CEO Hector Ruiz promises profitability, but reveals no concrete plan
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11:40 AM on Thu May 8 2008
By Jackson West
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I'm sure AMD's performance has nothing to do with its inability to deliver on its promises from 2006 regarding quadcore chips.
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