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AMD Splitting up the Company Pretty Soon, Says Reports
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Posted by Donster on: 2008-08-13 15:17:08 317
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By Joel Hruska @ Ars Technica
It's no secret that AMD is in trouble. Despite cost-cutting measures, the company has lost hundreds of millions of dollars this year, even once goodwill charges are removed from the equation. The current state of the CPU manufacturer finally resulted in the ousting of Hector Ruiz and the appointment of Dirk Meyer as company CEO, but replacing the nameplate on the office won't change the fact that AMD is hemorrhaging cash.
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