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Advanced Micro Devices' (AMD) CEO Lisa Su at Credit Suisse 19th Annual Technology, Media & Telecom Brokers Conference (Transcript)

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Advanced Micro Devices, Inc. (NASDAQ:AMD) Credit Suisse 19th Annual Technology, Media & Telecom Conference December 2, 2015 4:00 PM ET

Executives

Lisa Su - President and CEO

Analysts

John Pitzer - Credit Suisse

John Pitzer

Perfect. Clock is going backwards, so this means it's time for me to start. I would like to welcome everyone to this afternoon presentation.

It's my pleasure this afternoon to introduce Lisa Su, who as you all know is the Chief Executive Officer of Advanced Micro Devices. We have a fireside chat format for the next 20 to 25 minutes. If you have a question, please raise your hand. We'll get you a microphone, but I'll kick things off.

Lisa, you just recently celebrated your one-year anniversary being appointed CEO of AMD. I think it was end of October, beginning of November. It's tough to say that you've repositioned the company fully, but we're kind of interested in understanding what you thought were the major challenges when you took the job as CEO and kind of how you -- what you've done to address some of those challenges.

Lisa Su

Yes great. So John I am happy to be here. Thanks for having me and I think it has been a very interesting year.

I would say at our core, AMD is a technology company and a product company and so it really has been the last year and really several years have been around really focusing the company on what we're good at, developing great products.

When you think about how long it takes to really transition our roadmap, I think I feel good about the progress we’ve made. Certainly there were a set of challenges, the PC market was a little bit volatile in 2015, but I think we've done quite a bit to position ourselves well.

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Comments (12)

g
and must be saving the new stuff for the beginning of January ces show....
gofx profile picture
She mentioned a things beyond Zen, a roadmap, stuff beyond the fear and loathing promulgation we get from the cheap seats around these parts a lot.
Ashari profile picture
"We have new products with Carrizo that we think is very comparative, compared to Skylake."
LOL, is that another transcript typo or is it that Lisa just couldn't bring herself to say competitive and used a meaningless pleonasm instead, ... hehe, I can use big words too :).
xxavatarxx profile picture
It's not a typo.
She has to get up there and say something....

These things are kind of useless.
The sum of the whole thing is she said pretty much nothing.
Ashari profile picture
"Morris Law", LOL
s
@SA Transcripts - Please fix the typo in four locations. Thanks.

Morris Law -> Moore's Law
j
She is a smart person... no question. She lacks conviction in her words. It concerns me. If she is going to be a strong executive, she needs to focus on better word selection. Stronger words that carry commitment and conviction. Or perhaps she is not committed and/or does not have conviction in what they are doing.

Some back up...
- "I think" not "I believe" or "we are" or "we have".
- "position ourselves well" instead of "position ourselves win back market share" or "take over the X market" or "y market".
- "are probably" instead of "are".

... thoughts anyone?
Fottemberg profile picture
I like her. She is pragmatic person, and she don't sell hot air like other executives (like Intel and Mobile SoCs ... ?).
Dr Meow Ling profile picture
I tend to disagree my impression is she is another Leona Helmsley currently wearing a hello kitty disguise.

As profits improve she has the power to make more changes while hiring/firing her way to better organization.
Once long term planned projects bare fruit she can take more risks as most CEO will do but currently she is rebuilding a company were the past owners bet the farm off.

I think no bones about it. she is keen on not only bring the company to profit but to rebuild the guns to blow Intel & Nvidias doors off. even if that means cut a 1000 jobs here and there she will not bat an eye.

So far she has the company as lean as it can be with very little overhead

you say she needs stronger words. but her silence is deafening and it should be.her actions have said everything.

I look forward to her taking on IMB in the server mrkt. in 2018
g
Lisa, whats new? Nothing....or at least nothing I want to discuss at this time....
Marvee profile picture
Sorry, not sure but did we already know the second semi-custom was data center focused?
firex1 profile picture
I believe it was only mentioned as a "beyond gaming" device.
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