After reading the news that Hector Ruin Ruiz has stepped down, I was rather shocked to see that the stocks hadn’t sharply risen this morning… Of course, it’s getting harder and harder for the stocks to fall when they’re already scraping bottom. The strange thing is, all of the reports are casting a dark shadow on AMD because of this move. From what I had heard, the majority of the company didn’t like how Hector had been handling things; I have to believe the shareholders feel the same way…
Needless to say, this move is long overdue and I’ve feeling more positive about the company in whole now – even though I no longer consider myself a fan (-boy) of the company. And no, it’s not because I’m sitting in front of a wonderful computer that has Intel inside. (Not entirely, that is.)
So what does the next of kin, Dirk Meyer, have to do to regain shareholder’s trust? AMD has always been good friends with their partners, so perhaps they should work something out with those allies, like something to the tune of, say, those partners holding certain percentages of AMD’s fragile remains. Or, I would rather expect a (mostly-former) partner such as NVIDIA to try to acquire AMD. The irony would be that NVIDIA would also be acquiring ATI, which was for the longest time their biggest competitor.
Of course I’m not a businessman nor am I a legal consultant, so all of this falls into some pretty murky water for me – and I have a real-life fear of murky water.
