AMD observer

Advanced Micro: Despite Meeting, The Wait for Details Continues

The performance at the shareholders meeting is typical Ruiz. He will never take ownership of AMD's failures, it's always someone else's fault. Every idea he has ever had at AMD was a bust. The only person keeping this company afloat (for years) is Dirk Meyer. Hector has continued his trend of taking productive, innovative people and disenfranchising them (review his performance at Motorola as the head of semiconductor manufacturing). He has 20/400 vision and can't see past the end of the next quarter. His reluctance to comment on the "asset lite" strategy is typical. I don't think he wants to own it in the event it fails. The assessment in the article above is spot on when commenting on the interdependence of fabs and the development teams. Cycles of learning are key and a foundry relationship seems pretty risky to me, even if they use Fab30/36 in Dresden as a dedicated resource. The people there are smart and will find other, more stable customers eventually. It doesn't feel good to be cut off from the fold and loyalty will go out the window. All that said, there are some awesome folks at AMD with great ideas and the ability to execute. Hector just needs to get out of the way and let them get after it.