AMD Names Rory P. Read President and CEO

Page 2 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

jvroig

Platinum Member
Nov 4, 2009
2,394
1
81
Whoa, I'm late to this party. Hooray for AMD, they finally got a new CEO.

Hope this is good news. Glad they didn't hire someone with the reputation of Hector Ruiz (not that Hector Ruiz, IDC. But yeah, that's bad too, I suppose ) to replace good-old Dirk.
 

Idontcare

Elite Member
Oct 10, 1999
21,118
59
91
I vacillate over taking the position that Hector was not a good CEO which resulted in AMD's downturn versus taking the position that Hector could have been an unsung Steve Jobs but we'd never know it because the deck was just so stacked against AMD that no one on earth could have done much better at the time.

Obviously we'll never know, as is the case with macro-economics, we can't put this into a closed-loop test system in the lab and rerun the experiment while tweaking the boundary conditions and initial conditions to see how things could have played out differently.
 

bridito

Senior member
Jun 2, 2011
350
0
0
I fully respect the opinions of the individuals who want to be fair to Ruiz, but I'd like to point out that the amount paid for ATI was completely outrageous and had a severe impact on the company as a whole. At a time shortly after the ATI buyout, the joint AMD-ATI company had a market cap which was less than the payment for ATI alone. Therefore Ruiz effectively zeroed out the value of AMD. As for the being convicted of a crime, I remind you of the justice system which worked so brilliantly with OJ and Casey. His exchange of insider trading information through some minor league overaged not-even-MILF sexpot is undisputed even though the Feds decided to concentrate on the top of the Galleon pyramid. Therefore, with profound respect to opposing opinions, I continue to be unshaken in my belief that Ruiz is a scumbag of the highest order.
 

AnandThenMan

Diamond Member
Nov 11, 2004
3,949
504
126
...I continue to be unshaken in my belief that Ruiz is a scumbag of the highest order.
You mention OJ, then you say this? Alrighty then.

As for AMD paying too much for ATI, not really. Look at how much Skype has been purchased for, twice. The only reason people say AMD overpaid for ATI is because AMD has always been so cash strapped. ATI@ 5-6 billion was actually quite a bargain when you factor in what they brought to the table. Intel spent at least a billion dollars to make a discreet graphics card that never made it to market.
 

bridito

Senior member
Jun 2, 2011
350
0
0
You mention OJ, then you say this? Alrighty then.

As for AMD paying too much for ATI, not really. Look at how much Skype has been purchased for, twice. The only reason people say AMD overpaid for ATI is because AMD has always been so cash strapped. ATI@ 5-6 billion was actually quite a bargain when you factor in what they brought to the table. Intel spent at least a billion dollars to make a discreet graphics card that never made it to market.

Early in 2006, AMD hit over $40 a share. Just a few months later within days of the $5.4B ATI purchase announcement, the stock plummeted to $18.26. By the time the full doldrums of the recession hit in late 2008, AMD stock was well under two bucks and the market cap was a billion and change. Only Ruiz could take a company worth 40 billion and add it to a company worth over 5 billion and end up with a company worth about a billion. IMHO after the full blown scam he was running with Raj he doesn't deserve kudos, but a nice jail cell alongside Conrad Black. Maybe we could sell tickets for people to gape at them through bars and throw rotten eggs at them. Get me the first ticket!
 

notty22

Diamond Member
Jan 1, 2010
3,375
0
0
Early in 2006, AMD hit over $40 a share. Just a few months later within days of the $5.4B ATI purchase announcement, the stock plummeted to $18.26. By the time the full doldrums of the recession hit in late 2008, AMD stock was well under two bucks and the market cap was a billion and change. Only Ruiz could take a company worth 40 billion and add it to a company worth over 5 billion and end up with a company worth about a billion. IMHO after the full blown scam he was running with Raj he doesn't deserve kudos, but a nice jail cell alongside Conrad Black. Maybe we could sell tickets for people to gape at them through bars and throw rotten eggs at them. Get me the first ticket!
I agree, all we ever hear about is Intel's anti-competitiveness. When in reality you have to question AMD's leadership (during those years) after learning about his actions.
AMD Exec's Loose Lips Help Sink Galleon


The alleged chain of events is a good read.

...................
Report: Former AMD CEO, GlobalFoundries Chairman Ruiz Ensnared in Insider Trading Case
 

bridito

Senior member
Jun 2, 2011
350
0
0
I agree, all we ever hear about is Intel's anti-competitiveness. When in reality you have to question AMD's leadership (during those years) after learning about his actions.
AMD Exec's Loose Lips Help Sink Galleon


The alleged chain of events is a good read.

...................
Report: Former AMD CEO, GlobalFoundries Chairman Ruiz Ensnared in Insider Trading Case

The part about Ruiz not receiving anything in return is hilarious. I guess the SEC does not consider Chiesi**** to be a tangible.
 

bridito

Senior member
Jun 2, 2011
350
0
0
IDC, how did you know? Just wait until that lyin' cheatin' bastid shows up tonight... just think Loreena Bobbit! :biggrin:

Actually last time I checked I was a guy but with all the hormones in the food these days that might have changed. :hmm: The reason for my participation in the Hang Ruiz Club is that IMHO AMD's competitiveness in the consumer high end is hanging by a single thread called BD. This is the make it or break it CPU as I'm sure that no one but the most wild eyed AMD fanboi could continue to insist that "the Intel Killer" is just around the bend if BD lays an egg (as is increasingly likely). I despise monopolies and the wholesale decimation of AMD as the only legitimate competitor of Intel's consumer high end CPU market again IMHO does a vast disservice to:

Enthusiasts
Power Users
Gamers
Non-Corporate Workstation Users

... and the overall personal computer paradigm. I for one have zero interest in handheld zoomy thingies that you pinch and swoosh. I sit bolt upright in front of a 27" screen and type 90 wpm, many days for 10 hours+. What am I gonna do with a smartphone or tablet and why do I care? I have a $39 pay as you go cellphone that only gets used when I'm at the store and my wife forgot to put milk on the shopping list. So currently the "really exciting" (snooze) area of CPU development where ARMs and Atoms and C50s battle it out to see which one can sip the fewest milliwatts is as relevant to me as Weight Watchers is to Steve Jobs (ouch... that was in such bad taste it even surprised ME!)
 

dma0991

Platinum Member
Mar 17, 2011
2,723
1
0
... and the overall personal computer paradigm. I for one have zero interest in handheld zoomy thingies that you pinch and swoosh. I sit bolt upright in front of a 27" screen and type 90 wpm, many days for 10 hours+. What am I gonna do with a smartphone or tablet and why do I care? I have a $39 pay as you go cellphone that only gets used when I'm at the store and my wife forgot to put milk on the shopping list. So currently the "really exciting" (snooze) area of CPU development where ARMs and Atoms and C50s battle it out to see which one can sip the fewest milliwatts is as relevant to me as Weight Watchers is to Steve Jobs (ouch... that was in such bad taste it even surprised ME!)
I do believe that there is a future for handheld devices when it comes to convenience and ease of use to the end user. I myself would find it convenient to have them around from time to time to read some .pdf and browse through the internet wherever there is internet connectivity.

However my only gripe would be it's dismal battery life and I could bet that I couldn't get the iPhone 4 to last me more than a day. I can't help but feel that these devices also dehumanize us. I lost count the number of people meeting in public with their friends and family just so they could sit down and stare at their smartphones and tablets. I seem to have a love hate relationship with handheld devices. :hmm:
 

Idontcare

Elite Member
Oct 10, 1999
21,118
59
91
IDC, how did you know? Just wait until that lyin' cheatin' bastid shows up tonight... just think Loreena Bobbit! :biggrin:

Actually last time I checked I was a guy but with all the hormones in the food these days that might have changed. :hmm: The reason for my participation in the Hang Ruiz Club is that IMHO AMD's competitiveness in the consumer high end is hanging by a single thread called BD. This is the make it or break it CPU as I'm sure that no one but the most wild eyed AMD fanboi could continue to insist that "the Intel Killer" is just around the bend if BD lays an egg (as is increasingly likely). I despise monopolies and the wholesale decimation of AMD as the only legitimate competitor of Intel's consumer high end CPU market again IMHO does a vast disservice to:

Enthusiasts
Power Users
Gamers
Non-Corporate Workstation Users

... and the overall personal computer paradigm. I for one have zero interest in handheld zoomy thingies that you pinch and swoosh. I sit bolt upright in front of a 27" screen and type 90 wpm, many days for 10 hours+. What am I gonna do with a smartphone or tablet and why do I care? I have a $39 pay as you go cellphone that only gets used when I'm at the store and my wife forgot to put milk on the shopping list. So currently the "really exciting" (snooze) area of CPU development where ARMs and Atoms and C50s battle it out to see which one can sip the fewest milliwatts is as relevant to me as Weight Watchers is to Steve Jobs (ouch... that was in such bad taste it even surprised ME!)

Not that I would disagree with such a viewpoint, but are you basically saying that your position here is that in the David versus Goliath parable, were David to turn out to have had insurmountable personal issues to the point that his tendonitis prevented him from slinging that fateful rock to its mark, failing to fell Goliath, that you would reserve your blame for David and his common-man weaknesses rather than project that anger towards the fact that a Goliath exists in the first place?
 

Tuna-Fish

Golden Member
Mar 4, 2011
1,422
1,759
136
Not that I would disagree with such a viewpoint, but are you basically saying that your position here is that in the David versus Goliath parable, were David to turn out to have had insurmountable personal issues to the point that his tendonitis prevented him from slinging that fateful rock to its mark, failing to fell Goliath, that you would reserve your blame for David and his common-man weaknesses rather than project that anger towards the fact that a Goliath exists in the first place?

I put no little amount of blame on the fact that Ruiz blocked the AMD/nVidia merger. If that had gone trough, AMD would have had enough money to keep it's fabs during the worst part (G80 hit it big at the same time core 2 crushed AMD), and perhaps more importantly, a competent CEO.
 

bridito

Senior member
Jun 2, 2011
350
0
0
I do believe that there is a future for handheld devices when it comes to convenience and ease of use to the end user. I myself would find it convenient to have them around from time to time to read some .pdf and browse through the internet wherever there is internet connectivity.

However my only gripe would be it's dismal battery life and I could bet that I couldn't get the iPhone 4 to last me more than a day. I can't help but feel that these devices also dehumanize us. I lost count the number of people meeting in public with their friends and family just so they could sit down and stare at their smartphones and tablets. I seem to have a love hate relationship with handheld devices. :hmm:

By all means, the tablet and smartphone market is not going to go anywhere but up, however, the vast majority of personal computers are used for work purposes (not gaming, basic web surfing, etc.) and there simply is no current alternative to the "sit up and type" paradigm. Try to type fast on a tablet's onscreen keyboard and you'll want to smash it on the nearest rock. And I fully agree with you on the dehumanization angle as I know several people who literally live on their smartphones and have completely abandoned any F2F human contact.

Not that I would disagree with such a viewpoint, but are you basically saying that your position here is that in the David versus Goliath parable, were David to turn out to have had insurmountable personal issues to the point that his tendonitis prevented him from slinging that fateful rock to its mark, failing to fell Goliath, that you would reserve your blame for David and his common-man weaknesses rather than project that anger towards the fact that a Goliath exists in the first place?

Only in the case that David through his own incompetence took the 45 rocks he had carefully collected to slay Goliath and through sheer incompetence, personal greed, stupidity, and proven criminality turned it to a rock and a couple of pebbles. I love the NFL so forgive me if I change the David and Goliath metaphor to a football one: Dungy built the TB Bucs to a well oiled machine, then Gruden came in and rode that horse right to a SB win. However, Gruden also proceeded to end up with a group in a few years that couldn't beat a high school team. The $40+B value of AMD was built by Ruiz's predecessors. He took that and destroyed it down to barely over a billion. Gruden scrood da pooch and so did Ruiz, therefore they both merit scorn (and worse) to be heaped on their incompetent heads. A $40+B AMD would stand a chance to (with a little luck and great management) beat Intel in the high end game. Today's current $6B stump of an AMD can't manage it as it's almost impossible: Witness the much heralded BD which right now looks like it's going to be a fair competitor to an 2500... snore...:thumbsdown:

I put no little amount of blame on the fact that Ruiz blocked the AMD/nVidia merger. If that had gone trough, AMD would have had enough money to keep it's fabs during the worst part (G80 hit it big at the same time core 2 crushed AMD), and perhaps more importantly, a competent CEO.

What does AMD have now that the Fabs are gone? Some low-mid range APUs to market (not even make) and a few squadrons of diehard, deluded fanbois. Very sad. The monopoly in the high end seems now completely impossible to reverse...
 
Last edited:

lol123

Member
May 18, 2011
162
0
0
What I can't understand is why IBM don't seem to take a higher stake in the success of AMD. Wouldn't they profit from viable x86 competition against Intel and couldn't their process technology (albeit not quite at the level of Intel's) be put to better use in achieving that? The existing technology sharing agreements between AMD and IBM don't appear to have mattered all that much up until now. Is there an explanation to all of this?
 

bryanW1995

Lifer
May 22, 2007
11,144
32
91
I will once again point out that Ruiz orchestrated the ATI purchase, which turned out to be one of the most important things AMD has ever done, it was vital to their survival.

Too bad Hector made so many other blunders during his tenure. BTW, Ruiz was never charged with any crime.

Yeah, it was a great way to spend $5 billion that could have been better spent on things like improving their cpu designs, more mobile research, arm designs, etc. Or, even better, they would have been poised to be a predator rather than prey when the recession hit a couple of years later. It was important all right, but not in the way that you think.

I vacillate over taking the position that Hector was not a good CEO which resulted in AMD's downturn versus taking the position that Hector could have been an unsung Steve Jobs but we'd never know it because the deck was just so stacked against AMD that no one on earth could have done much better at the time.

Obviously we'll never know, as is the case with macro-economics, we can't put this into a closed-loop test system in the lab and rerun the experiment while tweaking the boundary conditions and initial conditions to see how things could have played out differently.

I don't understand this position at all. The guy failed miserably. As I mentioned above, the ati purchase was a disaster. Was it all or even mostly hector's fault? I don't know, nor do I care. He was the captain of the ship and he left it in worse shape than it was when he got there. Also, he didn't exactly have a great track record of great leadership/results at his other companies past/present/future, so there's no reason to think that he was just in the wrong place at the wrong time.

Look at it this way: If Bill Belichick leaves the Pats tomorrow to coach the Bengals and has a bad record over a 5 year period, it will be easy to point to factors outside his control that caused the failure, right? But if Matt Millen gets hired by a random team, lets say it's the Falcons, and the team goes 8-8, 3-13, 5-11, and 1-15, and 4-12 in a 5 year stint there, aren't we going to look at the horrible job that matt did at his previous job and also at the fact that the falcons ended up worse over the course of his 5 years there than they were during the previous 5 years? My very strong belief is that Hector has much more matt millen, ie, style over substance, good politician, etc etc, and the results from his "leadership" over the years at several different companies bears this out.

You mention OJ, then you say this? Alrighty then.

As for AMD paying too much for ATI, not really. Look at how much Skype has been purchased for, twice. The only reason people say AMD overpaid for ATI is because AMD has always been so cash strapped. ATI@ 5-6 billion was actually quite a bargain when you factor in what they brought to the table. Intel spent at least a billion dollars to make a discreet graphics card that never made it to market.

WHAT??? AMD's market cap now, 5 years later, is less than $5 billion!!!!!! How in the world can you say that it was a "bargain" with a straight face? They could have done a LOT of different things with that money, many of which would have had a more beneficial long-term impact on the company. And to justify a bad decision because it was less-bad than something else is disingenuous.

I put no little amount of blame on the fact that Ruiz blocked the AMD/nVidia merger. If that had gone trough, AMD would have had enough money to keep it's fabs during the worst part (G80 hit it big at the same time core 2 crushed AMD), and perhaps more importantly, a competent CEO.

If amd had had jhh as ceo for the past 5 years then I suspect that the high tech landscape would look a LOT different than it does today. Unlike ruiz, jhh has a significant, long-term track record of success, and there's no reason to think that he wouldn't have continued this trend as ceo of AMD/NV.
 
Last edited:

bridito

Senior member
Jun 2, 2011
350
0
0
bryanW1995, you have just earned honorary membership in my Ruiz-Is-A-Scumbag Club!
 

Idontcare

Elite Member
Oct 10, 1999
21,118
59
91
I don't understand this position at all. The guy failed miserably. As I mentioned above, the ati purchase was a disaster. Was it all or even mostly hector's fault? I don't know, nor do I care. He was the captain of the ship and he left it in worse shape than it was when he got there. Also, he didn't exactly have a great track record of great leadership/results at his other companies past/present/future, so there's no reason to think that he was just in the wrong place at the wrong time.

Maybe that's just the difference of opinion we have to accept.

I've been in enough project management and team decision-leader positions in my professional career to know that there simply is no such thing as "the captain" of the business ship.

Hector made no unilateral executive decisions. He would have been ousted by the board of directors, ala Dirk, had even attempted to "rule" the company like that.

If we are to conclude that the business decisions themselves were lacking, and I personally don't know if we even have the data/insight/understanding/background to legitimately make that claim, then we can only attribute that blame to the BoD and the executive team in its entirety.

However, the unethical actions embroiled in the Magellan fund debacle is clearly a singular act on Ruiz's part which does, IMO without question, speak to the character and flaws of the man.

And as such, we are well within our rights to then question just how much, if any, of this questionably seedy character bled over into his management philosophy and his ability to lead.

Hence I am "on the fence".

I personally found it disgusting that on the eve of bankrolling the ATI deal, Hector knew he needed AMD's stockprice to be above a certain bare-minimum value or else he could not get the banks to put up the bonds.

And so he held that December analyst meeting in which they (AMD and Hector) talked up and hyped up their business projections out the wazzu for Q4 2006...just long enough to get the signatures on the paper for the ATI deal, and then they came out and announced their substantial downward guidance revisions prior to Q4 earnings release because the reality was that the inventory was piling up and fab loadings at the time were way way down.

They completely manipulated the stock price, legally apparently because the SEC did nothing about it, so as to enable their acquisition of ATI.

You can call that brilliant management or unethical management, either way I found it to be disgusting and it forever jaded my opinion of how Ruiz managed his company long before the Magellan crap came to the surface.

(I'm also an "industry" person, worked with a great many ex-Motorola employees and I really didn't like what Hector did to Moto's fabs...he destroyed motorola the same way he went with AMD - had moto spin off the fabs into Freescale and left Moto as nothing but a shell of its former self as a design-house)
 

AnandThenMan

Diamond Member
Nov 11, 2004
3,949
504
126
Yeah, it was a great way to spend $5 billion that could have been better spent on things like improving their cpu designs, more mobile research, arm designs, etc..
No GPU tech would mean AMD has no future. It's that simple.
 

Idontcare

Elite Member
Oct 10, 1999
21,118
59
91
No GPU tech would mean AMD has no future. It's that simple.

That might be true, not going to debate it, but ATI was not their only option.

Their market timing for purchasing ATI could not have been worse for AMD shareholders, could not have been more opportune for ATI's.

It wasn't "Time Warner/AOL" bad, but it was certainly in the same league.

And if the rumors as to why an Nvidia/AMD merger fell through are true, well then that was just monumentally stupid on Hector's behalf and monumentally catastrophic for AMD's shareholders.
 

AnandThenMan

Diamond Member
Nov 11, 2004
3,949
504
126
In hindsight, I don't see an AMD/Nvidia merger a good fit. There would have been a cultural clash, not to mention JHH would have walked in with the attitude, my way or no way. So yes that left ATI as the only real option.

As for AMD doing well without ATI, I find this notion absolutely absurd. No chipsets, nothing for x86 mobile graphics, no Fusion. In 3 years, it will seem even more preposterous that AMD would have been fine without any graphics tech.
 

Dribble

Platinum Member
Aug 9, 2005
2,076
611
136
The new guy is already sounding like JHH - aggressive. I suspect that sort of character was what the board was looking for, and one more reason why the previous guy was fired.

As to whether it works? I am sure all the true JHH haters will hate Rory too, all the AMD fanboys who continually point to JHH's style of leadership as a bad thing are going to be in a bit of a quandary. Personally I think it's really good - AMD need to go for it, not just be content eating up the Intel x86 left-overs.
 

Idontcare

Elite Member
Oct 10, 1999
21,118
59
91
In hindsight, I don't see an AMD/Nvidia merger a good fit. There would have been a cultural clash, not to mention JHH would have walked in with the attitude, my way or no way. So yes that left ATI as the only real option.

As for AMD doing well without ATI, I find this notion absolutely absurd. No chipsets, nothing for x86 mobile graphics, no Fusion. In 3 years, it will seem even more preposterous that AMD would have been fine without any graphics tech.

Cultural clash?

Yes...the last thing AMD needed was to look inwards and address its cultural shortcomings...with everything it had going for it, it was surely bound to succeed if only it could retain its corporate culture!

Look at how badly that went for Apple when Steve Jobs came back :hmm:

Instead they sort of became an amalgam of second-best-of-breed. Neither the leader in CPU nor GPU. Shareholders rejoiced, employees fell over themselves with their bonuses and salary raises, morale shot to all-time-highs. (not)

Instead, they became so loaded with debt and sapped for cash, preventing them being effective in doing necessary R&D, that they had to spin-off their fabs as well as dilute their existing shareholders by issuing 58 million new shares of stock to Mubadala to raise cash and offload debt.

That's ace management right there :thumbsup:
 
sale-70-410-exam    | Exam-200-125-pdf    | we-sale-70-410-exam    | hot-sale-70-410-exam    | Latest-exam-700-603-Dumps    | Dumps-98-363-exams-date    | Certs-200-125-date    | Dumps-300-075-exams-date    | hot-sale-book-C8010-726-book    | Hot-Sale-200-310-Exam    | Exam-Description-200-310-dumps?    | hot-sale-book-200-125-book    | Latest-Updated-300-209-Exam    | Dumps-210-260-exams-date    | Download-200-125-Exam-PDF    | Exam-Description-300-101-dumps    | Certs-300-101-date    | Hot-Sale-300-075-Exam    | Latest-exam-200-125-Dumps    | Exam-Description-200-125-dumps    | Latest-Updated-300-075-Exam    | hot-sale-book-210-260-book    | Dumps-200-901-exams-date    | Certs-200-901-date    | Latest-exam-1Z0-062-Dumps    | Hot-Sale-1Z0-062-Exam    | Certs-CSSLP-date    | 100%-Pass-70-383-Exams    | Latest-JN0-360-real-exam-questions    | 100%-Pass-4A0-100-Real-Exam-Questions    | Dumps-300-135-exams-date    | Passed-200-105-Tech-Exams    | Latest-Updated-200-310-Exam    | Download-300-070-Exam-PDF    | Hot-Sale-JN0-360-Exam    | 100%-Pass-JN0-360-Exams    | 100%-Pass-JN0-360-Real-Exam-Questions    | Dumps-JN0-360-exams-date    | Exam-Description-1Z0-876-dumps    | Latest-exam-1Z0-876-Dumps    | Dumps-HPE0-Y53-exams-date    | 2017-Latest-HPE0-Y53-Exam    | 100%-Pass-HPE0-Y53-Real-Exam-Questions    | Pass-4A0-100-Exam    | Latest-4A0-100-Questions    | Dumps-98-365-exams-date    | 2017-Latest-98-365-Exam    | 100%-Pass-VCS-254-Exams    | 2017-Latest-VCS-273-Exam    | Dumps-200-355-exams-date    | 2017-Latest-300-320-Exam    | Pass-300-101-Exam    | 100%-Pass-300-115-Exams    |
http://www.portvapes.co.uk/    | http://www.portvapes.co.uk/    |