Advanced Micro Devices, the No. 2 computer chip maker, promoted chief operating officer Dirk Meyers to CEO, pushing CEO Hector Ruiz out and up to executive chairman. Ruiz was CEO for six years, and was AMD’s second chief executive. AMD posted a worse-than-expected $1.2 billion loss yesterday, its seventh straight quarter in the red. (Los Angeles Times)
The bottom line
July 18, 2008
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