Digital's Palmer elected to AMD board

And Sanders announces K7 speeds as he cedes control to Raza

AMD has decided to elect Robert Palmer, ex CEO of Digital before Compaq took it over, to its board of directors. The company held its annual general meeting yesterday. As predicted here, Jerry Sanders III will now take a back seat to Atiq Raza, who becomes president and chief operating officer of the company. Sanders claimed AMD has sorted out its manufacturing and process problems and at the same time pre-announced clock speeds for its K7 chip, partly based on Digital Alpha technology. He said at the shareholders' meeting that the K7 will be announced in June and will come at speeds of 500MHz, 550MHz and 600MHz. He came under attack from an 80-year old, according to reports, who asked Sanders whether he should sell his AMD stock and buy Intel, because the shares were his worst investment. Sanders is reported to have said: "Mine too. I've invested my whole life in AMD." ®

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