Tag Archives: AMD
AMD Acquires SeaMicro For $334 Million
Advanced Micro Devices has announced that they have acquired SeaMicro for $334 million, including $281 million in cash. SeaMicro is known for having clients like Facebook and Google. SeaMicro makes energy efficient “microservers.” They use low-power chips from Intel and Samsung to perform real-time data analysis jobs by creating a “fabric” of multiple servers and data storage units.
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Categories Advanced Micro Devices Inc., AMD, SeaMicro
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AMD Poaches HP For CIO Michael Wolfe
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]
AMD COO Bob Rivet Stepping Down
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]
AMD CEO Dirk Meyer Resigns
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]
Categories Advanced Micro Devices Inc., AMD, Dirk Meyer
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Microsoft Announces Next Version Of Windows Supports System On A Chip (SoC)
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:
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AMD Announces New Line Of Chips At CES
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.
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Categories Advanced Micro Devices Inc., AMD, Rick Bergman
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Four Execs Arrested For Channel Checking Insider Information About Apple and AMD
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.
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AMD To Contribute Engineering Expertise To MeeGO
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:
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Categories AMD, Ben Bar-Hair
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AMD Makes $1.65 Billion In Q2 Revenue
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]
Categories Advanced Micro Devices Inc., AMD
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Intel Paying AMD $1.25 Billion For Settlement
Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices, Inc. (NYSE:AMD) have come to an agreement. Intel will pay AMD $1.25 billion as part of the agreement. Previously AMD argued that Intel was using incentives for PC manufacturing companies to making exclusive deals with them. The litigation process started back in 2004.
AMD will be dropping their lawsuits in Delaware and two pending cases in Japan. They are also going to withdraw all regulatory complaints. However Intel isn’t completely off the hook yet. Government agencies could still bring a case against Intel. The European Union already fined Intel $1.45 billion this past May. Intel is appealing the fine from the European Union.
AMD and Intel have also made a cross-license agreement that will allow AMD to split into two companies. Globalfoundries is the other company that AMD has spun off. Globalfoundries does not have to worry about lawsuits from Intel either.
“Everybody is a winner here including Intel. They should be congratulated for trying to put this behind them and listen to everyone’s concerns as well as defend their rights,” stated AMD CEO Dirk Meyer in a conference call.
Categories AMD, Intel
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