I'm no stranger to boardroom incompetence but in any other industry but CPUs, this sort of monkey business would have led to bankruptcy court years ago. AMD makes Enron look well managed.
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:
All very true. Let's not forget and leave out the anti competitive shenanigans from Intel though. Not that that would have improved the managerial errors on AMD's part that forced a lot of "crisis management" decisions.
He's your dad, isn't he, fess up.
First he was gonna take my wife away, then I was his wife, now he's my daddy! I'll never tell! ()
No wonder you have such strong emotions for the man, after all that I would too!
Funny how the guys name has already been misspelled at least twice on this thread.
I'm selling my AMD stock!
I cant give investing advice but I must point out that I'm seeing a very strong potential buy signal on the weekly chart. It is targetting well over $8. AMD Jan 12 $7.50 calls are currently trading at about 60 cents. If AMD goes to $8 in the next 6 weeks those calls will triple. I would hedge with october $6 puts @ 42 cents.
i wonder if he'll sell their hardware business