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AMD Announces the Resignation of Dave Orton, former CEO of ATI
Dave Orton to leave AMD at the end of July
Tuesday 10th July 2007, 02:02:58 PM, written by Rys http://www.beyond3d.com/content/news/336 AMD has issued a press release announcing that Dave Orton, former CEO of ATI, is leaving the company as one of its executive VPs at the end of this month. Orton had this to say in the press release: "It is with mixed feelings that I am leaving AMD. I am very optimistic about AMD's future. I believe strongly in the strategies that brought AMD and ATI together and the talented employees of the 'new AMD' who are committed to winning in the market by delivering the best possible solutions for customers." Adrian Hartog and Rick Bergman will now report to the Office of the CEO in their roles as senior VP and general manager of the Consumer Electronics and Graphics Product Group (GPG) divisions respectively. It's unclear exactly why Orton is leaving the post of executive VP of the GPG, after his very successful tenure at the head of ATI Technologies, following ATI's acquisition of ArtX. One reason could be money, with too many heads at senior VP level for AMD to feel comfortable with on a salary basis, as the company looks to cut costs. We hope it's not for performance related reasons this soon after the merger, and it'll be interesting to see how analysts and the market react to the news. _____ http://www.amd.com/us-en/Corporate/V...118274,00.html AMD Announces the Resignation of Dave Orton, former CEO of ATI SUNNYVALE, Calif. -- July 10, 2007 --AMD (NYSE:AMD) announced today that Dave Orton, former president and chief executive officer of ATI Technologies, has resigned as executive vice president of AMD, effective the end of July, 2007. "Dave's passion and relentless drive catapulted ATI into a solid leadership position in each of the company's graphics, chipset and consumer electronics businesses," said Dirk Meyer, AMD president and chief operating officer. "More recently, Dave was one of the key drivers in the successful integration of AMD and ATI. With his integration work complete and the successful launch of key graphics and chipset products earlier this year, the time was right for Dave to take his personal and professional life in a different direction." "It is with mixed feelings that I am leaving AMD," said Orton. "I am very optimistic about AMD's future. I believe strongly in the strategies that brought AMD and ATI together and the talented employees of the 'new AMD' who are committed to winning in the market by delivering the best possible solutions for customers." Adrian Hartog, senior vice president and general manager, consumer electronics group and Rick Bergman, senior vice president and general manager, graphics products group will now report into the Office of the CEO. The addition of the Consumer Electronics and Graphics businesses as direct reports into the Office of the CEO helps ensure the ongoing strategic attention and focus for these important businesses. |
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AMD Announces the Resignation of Dave Orton, former CEO of ATI
"RadeonR600" wrote in message oups.com... Dave Orton to leave AMD at the end of July Tuesday 10th July 2007, 02:02:58 PM, written by Rys http://www.beyond3d.com/content/news/336 AMD has issued a press release announcing that Dave Orton, former CEO of ATI, is leaving the company as one of its executive VPs at the end of this month. Orton had this to say in the press release: "It is with mixed feelings that I am leaving AMD. I am very optimistic about AMD's future. I believe strongly in the strategies that brought AMD and ATI together and the talented employees of the 'new AMD' who are committed to winning in the market by delivering the best possible solutions for customers." Adrian Hartog and Rick Bergman will now report to the Office of the CEO in their roles as senior VP and general manager of the Consumer Electronics and Graphics Product Group (GPG) divisions respectively. It's unclear exactly why Orton is leaving the post of executive VP of the GPG, after his very successful tenure at the head of ATI Technologies, following ATI's acquisition of ArtX. One reason could be money, with too many heads at senior VP level for AMD to feel comfortable with on a salary basis, as the company looks to cut costs. We hope it's not for performance related reasons this soon after the merger, and it'll be interesting to see how analysts and the market react to the news. _____ http://www.amd.com/us-en/Corporate/V...118274,00.html AMD Announces the Resignation of Dave Orton, former CEO of ATI SUNNYVALE, Calif. -- July 10, 2007 --AMD (NYSE:AMD) announced today that Dave Orton, former president and chief executive officer of ATI Technologies, has resigned as executive vice president of AMD, effective the end of July, 2007. "Dave's passion and relentless drive catapulted ATI into a solid leadership position in each of the company's graphics, chipset and consumer electronics businesses," said Dirk Meyer, AMD president and chief operating officer. "More recently, Dave was one of the key drivers in the successful integration of AMD and ATI. With his integration work complete and the successful launch of key graphics and chipset products earlier this year, the time was right for Dave to take his personal and professional life in a different direction." "It is with mixed feelings that I am leaving AMD," said Orton. "I am very optimistic about AMD's future. I believe strongly in the strategies that brought AMD and ATI together and the talented employees of the 'new AMD' who are committed to winning in the market by delivering the best possible solutions for customers." Adrian Hartog, senior vice president and general manager, consumer electronics group and Rick Bergman, senior vice president and general manager, graphics products group will now report into the Office of the CEO. The addition of the Consumer Electronics and Graphics businesses as direct reports into the Office of the CEO helps ensure the ongoing strategic attention and focus for these important businesses. Hmmm seems like my report on how sh*t there website was went right to the top :O) Only being trying to find out what their cards do for about 3 years, I guess I will know before 2012 now. |
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AMD Announces the Resignation of Dave Orton, former CEO of ATI
ANd the stock went up about $0.80 since the news. Woot.
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AMD Announces the Resignation of Dave Orton, former CEO of ATI
On Wed, 11 Jul 2007 12:26:37 -0700, RadeonR600
wrote: Dave Orton to leave AMD at the end of July Tuesday 10th July 2007, 02:02:58 PM, written by Rys http://www.beyond3d.com/content/news/336 AMD has issued a press release announcing that Dave Orton, former CEO of ATI, is leaving the company as one of its executive VPs at the end of this month. Orton had this to say in the press release: "It is with mixed feelings that I am leaving AMD. I am very optimistic about AMD's future. I believe strongly in the strategies that brought AMD and ATI together and the talented employees of the 'new AMD' who are committed to winning in the market by delivering the best possible solutions for customers." Adrian Hartog and Rick Bergman will now report to the Office of the CEO in their roles as senior VP and general manager of the Consumer Electronics and Graphics Product Group (GPG) divisions respectively. It's unclear exactly why Orton is leaving the post of executive VP of the GPG, after his very successful tenure at the head of ATI Technologies, following ATI's acquisition of ArtX. One reason could be money, with too many heads at senior VP level for AMD to feel comfortable with on a salary basis, as the company looks to cut costs. We hope it's not for performance related reasons this soon after the merger, and it'll be interesting to see how analysts and the market react to the news. Orton managed to slick-talk AMD into buying his non-performing company for a 20% premium over market-value. The worst mistake AMD ever made... now heavily in debt thanks to the acquisition and gasping for air. When AMD bought ATi , I sold a bunch of ATi stock (which I had bought speculatively a few months earlier, expecting some sort of bid from somewhere for this horribly mismanged company ) for the 20% profit and also promptly sold a bunch of AMD stock short for a final profit on AMD of about 40%. Nothing smart about my activities... just carefully observing high-tech companies over a period of time. So finally AMD has shipped Orton out. I'm sure that the very late and lamentable-performance 2900 and the very late and lackluster 2600/2400 provided some convenient grease to speed his exit. No tears for Dave. He made out like a banshee with his con-job on the ATi sale at 20% premium. AMD needs to ship all of the decision-makers on the disastrous ATi acquisition out the door also.... when do we say bye-bye to Hector ? The deal should have been totally avoided. Core 2 was out in the marketplace getting rave-reviews 3 months before the ATi deal was finally consummated and AMD clearly knew that they had real competition on their hands. It was obvious to me at the time that AMD had to attend to their CPU-knitting instantly and not be diverted by deals requiring massive debt and diversion of attention from AMD's core business. I was flabbergasted that AMD continued blindly with the ATi acquisition. Up to that time I had been an admirer of AMD... and been profitably buying AMD stock. However, emotion cannot dominate stock-purchase decisions, only cold business-logic.... John Lewis |
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AMD Announces the Resignation of Dave Orton, former CEO of ATI
On Jul 13, 10:54 am, (John Lewis) wrote:
On Wed, 11 Jul 2007 12:26:37 -0700, RadeonR600 wrote: Dave Orton to leave AMD at the end of July Tuesday 10th July 2007, 02:02:58 PM, written by Rys http://www.beyond3d.com/content/news/336 AMD has issued a press release announcing that Dave Orton, former CEO of ATI, is leaving the company as one of its executive VPs at the end of this month. Orton had this to say in the press release: "It is with mixed feelings that I am leaving AMD. I am very optimistic about AMD's future. I believe strongly in the strategies that brought AMD and ATI together and the talented employees of the 'new AMD' who are committed to winning in the market by delivering the best possible solutions for customers." Adrian Hartog and Rick Bergman will now report to the Office of the CEO in their roles as senior VP and general manager of the Consumer Electronics and Graphics Product Group (GPG) divisions respectively. It's unclear exactly why Orton is leaving the post of executive VP of the GPG, after his very successful tenure at the head of ATI Technologies, following ATI's acquisition of ArtX. One reason could be money, with too many heads at senior VP level for AMD to feel comfortable with on a salary basis, as the company looks to cut costs. We hope it's not for performance related reasons this soon after the merger, and it'll be interesting to see how analysts and the market react to the news. Orton managed to slick-talk AMD into buying his non-performing company for a 20% premium over market-value. The worst mistake AMD ever made... now heavily in debt thanks to the acquisition and gasping for air. When AMD bought ATi , I sold a bunch of ATi stock (which I had bought speculatively a few months earlier, expecting some sort of bid from somewhere for this horribly mismanged company ) for the 20% profit and also promptly sold a bunch of AMD stock short for a final profit on AMD of about 40%. Nothing smart about my activities... just carefully observing high-tech companies over a period of time. So finally AMD has shipped Orton out. I'm sure that the very late and lamentable-performance 2900 and the very late and lackluster 2600/2400 provided some convenient grease to speed his exit. No tears for Dave. He made out like a banshee with his con-job on the ATi sale at 20% premium. AMD needs to ship all of the decision-makers on the disastrous ATi acquisition out the door also.... when do we say bye-bye to Hector ? The deal should have been totally avoided. Core 2 was out in the marketplace getting rave-reviews 3 months before the ATi deal was finally consummated and AMD clearly knew that they had real competition on their hands. It was obvious to me at the time that AMD had to attend to their CPU-knitting instantly and not be diverted by deals requiring massive debt and diversion of attention from AMD's core business. I was flabbergasted that AMD continued blindly with the ATi acquisition. Up to that time I had been an admirer of AMD... and been profitably buying AMD stock. However, emotion cannot dominate stock-purchase decisions, only cold business-logic.... John Lewis- Hide quoted text - - Show quoted text - John, that was well thought out post with far more understanding of dismyal situation that AMD is in than I've read from anyone else. I wasn't happy ATI decided to sell themselves to AMD. I'd been waiting for ATI to get back to kicking Nvidia's butt like they did in 2002-2003. Nvidia really turned themselves around with the NV4x / G7x while ATI didn't repeat the feat they pulled off with R300. right now the only thing I can think of that's keeping Nvidia in check and AMD/ ATI going (on the graphics side) is the success of Xbox 360 and Wii. ATI's GPUs are in both. If PS3 continues to stay in last place, that'll minimize Nvidia in the console space. an Nvidia- dominated landscape won't be good. even though Intel is the #1 provider of graphics, they don't do anything for the midrange to highend segments, yet at least. |
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