Feeds

AMD boss keeps schtum on manufacturing restructure

Meeting doglegs to pointlessness

Secure remote control for conventional and virtual desktops

AMD's annual shareholder meeting today could have been an excellent time to elaborate on the company's plan to reverse course from an extremely rough 2007.

The chipmaker suffers from six consecutive quarters of operating at a loss, deflated stock, and has a massive workforce lay-off scheme in play. For a year now, AMD has vaguely hinted at a piece of the cure in an "asset smart" strategy to reorganize its manufacturing operations -- yet details haven't been exactly forthcoming.

That's why investors and analysts were seeking a bit more substance from CEO Hector Ruiz in shareholder meeting today in Austin, Texas. What they got in his 20-minute speech was more vapory optimism and a chat about golf.

"Our plans are bold, and progress is ongoing," Ruiz said. "And I hope to communicate additional details of this complex undertaking in the very near future."

He suggested the company will better focus on its core products by "doing fewer things better."

Speculation about AMD's manufacturing changes range from plans to rely more on outside fabs, to breaking up the company. AMD has refused to comment on the issue, and today's speech was not the venue to open up.

Indeed, the sole question from a shareholder was about why AMD doesn't sponsor professional golf tournaments for publicity. We kid you not.

Ruiz reaffirmed the company's promise to be operationally profitable by the second half of 2008. AMD also plans to exit operations proven to be stinkers.

"We are intensely scrutinizing our non-core businesses and revisiting their strategic fit into our plans," he said.

The meeting came a day after the company outlined its server chip roadmap for the next few years. Those plans include a 12-core chip code named "Magny-Cours," using AMD's next generation socket platform. ®

The essential guide to IT transformation

More from The Register

next story
Apple's iWatch? They cannae do it ... they don't have the POWER
Analyst predicts fanbois will have to wait until next year
The agony and ecstasy of SteamOS: WHERE ARE MY GAMES?
And yes it does need a fat HDD (or SSD, it's cool with either)
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Apple to build WORLD'S BIGGEST iStore in Dubai
It's not the size of your shiny-shiny...
Just in case? Unverified 'supersize me' iPhone 6 pics in sneak leak peek
Is bigger necessarily better for the fruity firm's flagship phone?
Steve Jobs had BETTER BALLS than Atari, says Apple mouse designer
Xerox? Pff, not even in the same league as His Jobsiness
Apple analyst: fruity firm set to shift 75 million iPhones
We'll have some of whatever he's having please
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?