Will AMD (AMD) CEO Hector Ruiz Leave This Month?

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By Douglas A. McIntyre Updated Published
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Last year AMD (AMD) issued its 2006 full-year results on January 23. It is probably a good guess that 2007 calender numbers will come out at the end of the third week this month. That does not leave much time. Management and the board probably have most of the figures for Q4.

AMD shares hit another low of $6.75. Wall St. obviously has extremely low expectations about the figures the company will post.

If the figures are below what the company has indicated, the members of the board have a big problem. The rapid sell-off in AMD shares speaks volumes about the desire for new leadership.

CEOs often leave just before or the day of earnings. Look for Mr. Ruiz to be gone in the next three weeks.  He was recently named one of our own 5 TECHNOLOGY CEO’s THAT NEED TO GO FOR 2008.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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