Advanced Micro Devices, Inc. (NYSE:AMD) has poached an executive from Hewlett-Packard Company (NYSE:HPQ) to become their new CIO. Michael Wolfe worked at HP for five years with the most recent position being VP for Information Technology. Before that, Wolfe worked at Motorola for 24 years. “Mike has effectively led IT transformations constantly focusing on reducing operating costs and significantly improving business innovation,” stated AMD interim CEO Thomas Seifert. “His considerable talent and experience will help AMD to continue strengthening our IT infrastructure and streamline our business based on our own products and platforms.” [AllThingsD]

Advanced Micro Devices, Inc. (NYSE:AMD) chief operating officer Bob Rivet is stepping down from the company. This is one month after CEO Dirk Meyer stepped down. Rivet joined AMD in 2000 as CFO. Rivet will be pursuing other opportunities. AMD SVP of corporate strategy Marty Seyer is also stepping down for similar reasons. Meyer resigned last month because of a disagreement with AMD’s board of directors. AMD CFO Thomas Seifert is acting CEO while the board is looking for Meyer’s replacement. [InformationWeek]

Advanced Micro Devices, Inc. (NYSE:AMD) CEO Dirk Meyer has stepped down after reaching an agreement with the company board. AMD CFO Thomas Siefert will be filling in Meyer for the time being. Meyer had been working at AMD since 1995. AMD announced preliminary revenue results for the 4th quarter ahead of time too. The company revenue will be $1.65 billion, which is ahead of what analysts are expecting. [CNET]

Microsoft Corporation (NASDAQ:MSFT) made an announcement today that the next version of the Windows operating system will support the System on a Chip (SoC) architectures, which include ARM-based systems from their partners: NVIDIA Corp., Qualcomm Inc., and Texas Instruments. Intel and AMD will continue work on low-power SoC designs that support Windows on the x86 architecture. Below is the full press release:

At the CES conference this year Advanced Micro Devices, Inc. (NYSE:AMD) announced the Fusion line of chips this week at CES. The company started working on Fusion the chips in 2006 after they acquired ATI Technologies. These new chips combine a microprocessor and graphics circuitry on the silicon. “As far back as 2005, we saw that the integration of the CPU (central processing unit) and the GPU (graphics processing unit) was inevitable,” stated AMD General Manager of the products group Rick Bergman.

Four executives have been arrested as part of an SEC investigation over “channel checking.” Channel checking is when people investigate corporate secrets in order to determine investment decisions. This includes calling suppliers and pressing for forecast information.

Advanced Micro Devices, Inc. (NYSE:AMD) has announced that they pledge to contribute “engineering expertise” to MeeGo. MeeGO is a Linux-based open source mobile operating system project announced at Mobile World Congress in February 2010 by Intel and Nokia during a joint press conference. AMD software development VP Ben Bar-Hair said “this operating system will help drive our embedded plans and create expanded market opportunities for our forthcoming Accelerated Processing Units.” Full press release is below:

Advanced Micro Devices, Inc. (NYSE:AMD) has made $1.65 billion in revenue for the second quarter. However AMD is still in the red with a net loss of $43 million. AMD made 5% more revenue in the first quarter of 2010 and a 40% increase since Q2 of 2009 when they lost $330 million. [BusinessWire]