January 12, according to Bloomberg News, AMD is looking for a CEO who can replace Medek and compete better with Intel and promote chips in new devices. Sources said that the board of directors was frustrated with the decline in AMD’s market share and its lack of progress in the entry into the tablet market.
Hans Mosesmann, an analyst at Raymond James & Associates in St. Petersburg, Florida, said: "They need a visionary leader." He gave AMD shares a "market performance" rating. And said "they need to have a passion for breaking the market."
The new CEO will continue AMD’s 40 years of efforts to get rid of Intel’s shadow. AMD's share of the global computer processor market is less than 20%, while Intel accounted for 80%. In 2009, AMD's revenue was US$5.4 billion, which is only 1/7 of that of Intel.
AMD was founded in 1969, one year after Intel was founded. On Tuesday, the company replaced the 49-year-old Medec with Thomas Seifert, the 47-year-old chief financial officer, as an interim CEO. But he humed his permanent CEO position.
Daniel Berenbaum, an analyst who went to destroy Auriga USA in New York, said that a vacuum in power is unlikely to make the company a target for acquisition. He said: "I did not see any naturally existing buyers. It is clear that AMD's product roadmap still lags behind Intel, and the implementation of the route also lags behind Intel." He suggested selling AMD stocks.
Another obstacle to the acquisition agreement is that the Abu Dhabi government has a 15% stake in AMD.
In 2008, Medec, who succeeded Teru Yizhi, reduced the company’s debt and stopped losses, while also restoring on-time delivery. Patrick Wang, an analyst with Wedbush Securities, said: "Two years ago, they had major problems." He gave AMD shares a "neutral" rating and said "the company once went to destruction. But what was done afterwards was amazing."
In addition to resigning as CEO, Medek left the board. This ended his 15-year career at AMD. Before that, he worked at Intel and Digital Equipment Corporation. AMD spokesman Drew Prairi stated that his departure was not due to any specific financial or legal issues.
The rise in demand Medek once said that there is still room for growth in AMD, and tablet PCs do not erode the sales of notebooks. But company directors want to see better results.
AMD’s statement yesterday said: “The board of directors believes that we have the opportunity to create greater shareholder value. This will require a significant growth of the company, establish market leadership, and bring better financial returns. We believe that at this time changes The leadership will enable the company to accelerate these goals."
Sources said that at a board meeting a few months ago, Medeck and his team proposed a strategic plan, but the board did not believe it would bring about the fast enough changes needed. Medek said yesterday: "My blood is always green", referring to the color of the AMD logo; "I hope AMD can succeed when it is focused on the road to progress."
Raymond James’ Mothsman stated that whoever replaced Medek will take more action on Intel. At the same time entering the tablet market will also compete with mobile chip manufacturers, including Qualcomm, Texas Instruments and Broadcom.
He believes: "The current battle has changed - not only for Intel, the board will face enormous challenges."
Hans Mosesmann, an analyst at Raymond James & Associates in St. Petersburg, Florida, said: "They need a visionary leader." He gave AMD shares a "market performance" rating. And said "they need to have a passion for breaking the market."
The new CEO will continue AMD’s 40 years of efforts to get rid of Intel’s shadow. AMD's share of the global computer processor market is less than 20%, while Intel accounted for 80%. In 2009, AMD's revenue was US$5.4 billion, which is only 1/7 of that of Intel.
AMD was founded in 1969, one year after Intel was founded. On Tuesday, the company replaced the 49-year-old Medec with Thomas Seifert, the 47-year-old chief financial officer, as an interim CEO. But he humed his permanent CEO position.
Daniel Berenbaum, an analyst who went to destroy Auriga USA in New York, said that a vacuum in power is unlikely to make the company a target for acquisition. He said: "I did not see any naturally existing buyers. It is clear that AMD's product roadmap still lags behind Intel, and the implementation of the route also lags behind Intel." He suggested selling AMD stocks.
Another obstacle to the acquisition agreement is that the Abu Dhabi government has a 15% stake in AMD.
In 2008, Medec, who succeeded Teru Yizhi, reduced the company’s debt and stopped losses, while also restoring on-time delivery. Patrick Wang, an analyst with Wedbush Securities, said: "Two years ago, they had major problems." He gave AMD shares a "neutral" rating and said "the company once went to destruction. But what was done afterwards was amazing."
In addition to resigning as CEO, Medek left the board. This ended his 15-year career at AMD. Before that, he worked at Intel and Digital Equipment Corporation. AMD spokesman Drew Prairi stated that his departure was not due to any specific financial or legal issues.
The rise in demand Medek once said that there is still room for growth in AMD, and tablet PCs do not erode the sales of notebooks. But company directors want to see better results.
AMD’s statement yesterday said: “The board of directors believes that we have the opportunity to create greater shareholder value. This will require a significant growth of the company, establish market leadership, and bring better financial returns. We believe that at this time changes The leadership will enable the company to accelerate these goals."
Sources said that at a board meeting a few months ago, Medeck and his team proposed a strategic plan, but the board did not believe it would bring about the fast enough changes needed. Medek said yesterday: "My blood is always green", referring to the color of the AMD logo; "I hope AMD can succeed when it is focused on the road to progress."
Raymond James’ Mothsman stated that whoever replaced Medek will take more action on Intel. At the same time entering the tablet market will also compete with mobile chip manufacturers, including Qualcomm, Texas Instruments and Broadcom.
He believes: "The current battle has changed - not only for Intel, the board will face enormous challenges."
Medical Actuator
Medical series mainly apply for medical equipment, such as hospital bed, dental chair, rehabilitation training equipment, etc. They are very quiet so that you can barely notice it. More than 4 models are available for different requirements. Max. load ranges from 6,000N to 12,000N. There are different controllers to be chosen, including handset and control box.
Medical Care Actuator,Electric Linear Actuator,Actuator For Patient Lift,Dc Medical Care Actuator
TOMUU (DONGGUAN) ACTUATOR TECHNOLOGY CO., LTD. , http://www.tomuu.com