AMD 2Q Results

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Hector Ruiz Quits As CEO of AMD Effective Immediately! He just announced it on the conference call. Dirk Meyer now CEO. Hector will hang around to fight Intel and do “Asset Light.”

We’ll have the “obituary” up early tomorrow.

AMD Results Almost exactly what we said on Wednesday. CPU sales dropped a bit more than seasonality. Only mild surprise is that the ATI graphics division did a bit worse this quarter than last. After stripping out all the one-time events, results were slightly worse than analysts expected.


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