Special Meeting of Stockholders of AMD

[metro.cl]

i dont see how AMD come be a winner on Intel / AMD, even if K10 beats C2D & Penryn by a good margin (say 30&#37 they wont have them for 2007 for desktop in quantities and Intel will lower prices even more with 45nm to counter.

So AMD has like 1 year to get some money back until Nehalem comes and put intel back in competition or win. The picture is clear until then, but what will happend with AMD from there? they dont have the resources for doing a 2 year cycle like Intel, they dont have the best production capacity or know how in lower nm and probably wont have much more money to keep fighting.

[NoX]

Not to be rude but who are you to judge him because he is getting paid above average? Before C2D Hector lead a company posting record profits every quarter and boasting huge marketshare gains. If you ran a business well for years how would you feel if your stockholder took you to a lynching after two weak quarters? No doubt AMD underestimated intel's capabilities, but you haven't even given them a chance to launch thier response to C2D yet. It took intel 3 years to respond to the clawhammer effetively, i think we can give amd a little time too.

I strongly believe that a CEO compensation should be significantly linked to the company financial performance, and the way I see it, 5yrs after his appointment at AMD, Ruiz has led the company in a financial situation worst than it was when he came in.
That’s hard to tolerate especially considering that in the meanwhile the company successfully launched in 2003 the Athlon 64, which generated big revenues for years and allowed considerable market share gains. Ruiz deserves little recognition for that because he stepped in when the project was already proceeding. He decided to provide his contribution when instead of consolidating AMD financial sheets once and for all, or getting ready for the competition by filling the R&D pipeline with new products, blew all the cash on the ATI acquisition. The timing of his decision couldn’t have been worst, because while AMD was busy dealing with the ATI turmoil, Intel started firing back with strong products on all the fronts. IMO these are all very poor management choices that don't justify at all the millions he’s getting in bonuses ($28mil in 5yrs) and stock options (+$50mil) I am confident that in the same 5yrs a more pragmatic CEO would have produced more than 4% of total return on stock performance, and now AMD could have been in a much more comfortable situation.

[Periander6]

I strongly believe that a CEO compensation should be significantly linked to the company financial performance, and the way I see it, 5yrs after his appointment at AMD, Ruiz has led the company in a financial situation worst than it was when he came in.
That’s hard to tolerate especially considering that in the meanwhile the company successfully launched in 2003 the Athlon 64, which generated big revenues for years and allowed considerable market share gains. Ruiz deserves little recognition for that because he stepped in when the project was already proceeding. He decided to provide his contribution when instead of consolidating AMD financial sheets once and for all, or getting ready for the competition by filling the R&D pipeline with new products, blew all the cash on the ATI acquisition. The timing of his decision couldn’t have been worst, because while AMD was busy dealing with the ATI turmoil, Intel started firing back with strong products on all the fronts. IMO these are all very poor management choices that don't justify at all the millions he’s getting in bonuses ($28mil in 5yrs) and stock options (+$50mil) I am confident that in the same 5yrs a more pragmatic CEO would have produced more than 4% of total return on stock performance, and now AMD could have been in a much more comfortable situation.

Indeed. How is it that Hector makes $16.1M:

http://www.ibtimes.com/articles/2007...mpensation.htm

While Otellini only makes $6.18M?

http://iht.com/articles/ap/2007/03/2...mpensation.php

Hector has buried AMD in debt, to the point where it's very survival is in question, but sees no problem with paying himself more than 2x what the guy running his much larger and much more successful competitor does.

[Zytek_Fan]

Indeed. How is it that Hector makes $16.1M:

http://www.ibtimes.com/articles/2007...mpensation.htm

While Otellini only makes $6.18M?

http://iht.com/articles/ap/2007/03/2...mpensation.php

Hector has buried AMD in debt, to the point where it's very survival is in question, but sees no problem with paying himself more than 2x what the guy running his much larger and much more successful competitor does.

Maybe Hector should give up $10M for the sake of the company.


AMD can sustain itself for the time being...they have before. What needs to happen, is since AMD and IBM have a partnership, IBM needs to step in and help out AMD. IBM has the financial power to do it...

[Shadowmage]

Indeed. How is it that Hector makes $16.1M:

http://www.ibtimes.com/articles/2007...mpensation.htm

While Otellini only makes $6.18M?

http://iht.com/articles/ap/2007/03/2...mpensation.php

Hector has buried AMD in debt, to the point where it's very survival is in question, but sees no problem with paying himself more than 2x what the guy running his much larger and much more successful competitor does.

It's all about the options. Jobs makes $1/year for his salary, but he cashed in due to the Apple stock options.

[cky2k6]

Did Jerry lead a company that for first time for 3 years, year after year was ahead of Intel? Did Jerry lead a company that managed to take away the most market share ever out of Intel's favorite pie?

Didnt think so.

So why the should he come back?


You all are these excellent experts on how a company should be run but look out side of your screen a second and look around you do you find yourself to be a CEO of a Internationl Public trading company that is fighting to surivive in one of the harshest markets that exists today?

No, then shut the up and let Hector manage his company and continue buying your Intel chips, which by the way only exist because of Hectors management.

maybe you should step back and think that the 3 years of amd's dominance were the result of years of sander's planning.

[AbelJemka]

So why since Conroe release AMD fired like 1000 employes and Intel fired like 10000 . Hector Ruiz look like devil for a lots but he's not firing people while is making money.

[NoX]

It's all about the options. Jobs makes $1/year for his salary, but he cashed in due to the Apple stock options.

I agree but comparing apples to apples at the end of 2006 Otellini made ~$9mil in salary+bonuses (same as Ruiz) and has $26mil in stock options (vs ~$50of Ruiz)

So why since Conroe release AMD fired like 1000 employes and Intel fired like 10000 . Hector Ruiz look like devil for a lots but he's not firing people while is making money.

Considering that AMD has about 1/10th of the workforce of Intel, those numbers look proportional.

[AbelJemka]

Considering that AMD has about 1/10th of the workforce of Intel, those numbers look proportional.

1/6th not 1/10th. After u can choose to use 10000 workers fired or 10% workers fired, as you wish...

[Revv23]

So why since Conroe release AMD fired like 1000 employes and Intel fired like 10000 . Hector Ruiz look like devil for a lots but he's not firing people while is making money.

Maybe he should have been?

Intel didn't fire because they were in need of profits, but because they didnt want to give profits to people that offered no benifit to them.

Rather then letting the company become more bloated they made it more lean, more competitive.

[Revv23]

I strongly believe that a CEO compensation should be significantly linked to the company financial performance, and the way I see it, 5yrs after his appointment at AMD, Ruiz has led the company in a financial situation worst than it was when he came in.
That’s hard to tolerate especially considering that in the meanwhile the company successfully launched in 2003 the Athlon 64, which generated big revenues for years and allowed considerable market share gains. Ruiz deserves little recognition for that because he stepped in when the project was already proceeding. He decided to provide his contribution when instead of consolidating AMD financial sheets once and for all, or getting ready for the competition by filling the R&D pipeline with new products, blew all the cash on the ATI acquisition. The timing of his decision couldn’t have been worst, because while AMD was busy dealing with the ATI turmoil, Intel started firing back with strong products on all the fronts. IMO these are all very poor management choices that don't justify at all the millions he’s getting in bonuses ($28mil in 5yrs) and stock options (+$50mil) I am confident that in the same 5yrs a more pragmatic CEO would have produced more than 4% of total return on stock performance, and now AMD could have been in a much more comfortable situation.

Touche, i should have looked at AMD's whole history before i interjected. I didn't realize how recent hector's appointment was.

[tsahi]

Monday, July 16, 2007

source:
http://www.amd.com/us-en/Corporate/I...51_306,00.html

What is so "Special" about this "Special" meeting? we will have to wait and see but with
AMD drooping the ball K10 fiasco (and it is a fiasco so far) nothing will surprise me.

Well, today is the day, anyone has an idea what is this all about?

[XeRo]

Well, today is the day, anyone has an idea what is this all about?

FUD says financing

http://www.fudzilla.com/index.php?op...=1959&Itemid=1

Couple more hours and we'll know what it is about.

[vitaminc]

Believe me they are full

I will bet you $10000 that they are not full.

1. One of the fabs is being retooled from 200mm to 300mm wafers, which implies that its far from been fully utilized.
2. One of the fabs has just been transformed into a 65nm fab, which implies that it is still ramping up.
3. AMD also decreased purchase of SOI wafers, according to Soitec.

They could be running at the maximum numbers of wafer starts, but they are far away from being full.

[vitaminc]

FUD says financing

http://www.fudzilla.com/index.php?op...=1959&Itemid=1

Couple more hours and we'll know what it is about.

they authorized more shares.

[saaya]

of course... if they make a meeting with their stockholders what else could they want? more money.... thats the only reason you make a meeting with your stockholders, you want to convince them to give you more money...

[Shintai]

I hope for AMD they fire Hector or that he resigns. Else its like putting money into a black hole.

Highest payed CEO and the biggest imbecil possible at his job. I still dont get how that happend, specially not for a company that should be finely rationalized and tuned.

[keiths]

> AMD needs new fabs. That's the only problem.

If you're saying they need upgraded fabs to smaller micron and more efficient processes, then yeah, always. If you meant for capacity, then no based on thier current situation of a build up of intentory and dropping prices. If they managed a competative product in the future they could use more capacity then. Whether that defines Barcelona remains to be seen.

[xlink]

Not entirely true, been a fabless or semi fabless company isn't that hard for this days.

asside form the fact that AMD's required to make most of it's x86 CPUs in house...

[nemrod]

asside form the fact that AMD's required to make most of it's x86 CPUs in house...

This point is now clear:
"Giuseppe Amato: That rumor is the result of a misinterpretation of an announcement that our CEO, Hector Ruiz, made. He was saying that AMD will leave the care of manufacturing and production to partner foundries only for parts that are not an intellectual property, IP. This does not imply that all AMD manufacturing will be decentralized. Only standard technology parts will be outsourced for manufacturing to our partner factories, which will result in an economic benefit for us."
http://www.hwupgrade.com/articles/cp...ato_index.html

[Donnie27]

Hector got a golden cow handed to him after Sanders, and all he did was to butcher it. Not in a million years is he worth what he get paid. To compare he gets over 4 times of what Intels CEO gets. Hector cashed in about 16million in 2006. Atleast 10 of those could be used to keep some people employed. or lessen the new burden from the 500million R&D cut in the budget.

Hector simply made one mistake after another and have never proven his worth of such an overpaid wage.
Sanders knew AMDs role and position, Hector never understood it and started the crusade into the lands that couldn´t be conquered yet. It took intel 1 quarter to gain back all the marketshare K8 took from them over 3 years.

Hector had hybris and got nemesis.

Shakes head and thinks, very sad but true!

[Brother Esau]

Shintai....you AMD hater you Man I have never seen anybody bash AMD or ATI for that matter as hard as you do!

Starting to wonder if Intel and Nvidea hired you to spread propaghanda!

[AbelJemka]

I hope for AMD they fire Hector or that he resigns. Else its like putting money into a black hole.

Highest payed CEO and the biggest imbecil possible at his job. I still dont get how that happend, specially not for a company that should be finely rationalized and tuned.

They should fired him for sure.
With incredible capacity of analyse I begg you to apply for the job!!! I'm sure in one quarter you can help AMD to destroy Intel since you perfectly know Intel roadmap for the next seven years at less... Knowing your sacrifice spirit I'm sure you will faithfull your duty for only 5 DKK!!! Yes les than 1 dollars

[turbox997]

This is very interesting, a special meeting admist rumours of a Samsung take over.

http://www.xtremesystems.org/forums/...22#post2312922

It also seems that AMD stock has been pushing up quite a bit lately in the past week, I can't summon all the factors for it, but it does give some more speculation and possible backing behind some take over rumours.

[frankR]

This pre-share holder meeting hype has given me the oportunity to get out of AMD with a small profit.