Thursday May 8
Struggling AMD Tight-Lipped On Future Plans
“And I hope to communicate additional details of this complex undertaking in the very near future.”
Grappling with major layoffs and a stock price that's been chopped nearly in half since last year, Advanced Micro Devices Inc. kept new details about its turnaround plans close to the vest Thursday in a very brief annual meeting with shareholders.
The Sunnyvale-based company's chief executive, Hector Ruiz, notably did not discuss AMD's long-awaited plans to cut its heavy manufacturing costs. His 20-minute speech was punctuated with just one question from a shareholder�x2014;about why AMD doesn't sponsor professional golf tournaments to increase its visibility. Read more
Posted by CBS 5
Full Story: CBS 5
Complete Coverage: 8 stories
- Los Angeles Times - AMD tightlipped on company's future
- KVML - AMD tightlipped on company s future
- MarketWatch - AMD chief says changes afoot at chip giant
- 5 more...
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