One of the big news yesterday was that AMD CEO, Dirk Meyer had left the company. Just when it seemed that the company had turned a corner, with its graphics processors business doing well and its first Fusion APU products debuting this month, it was quite the shock to find out that the CEO has resigned. Among the speculation about the reasons for his departure, AMD's lack of any products for the mobile arena, especially tablets, has been cited as a possible reason for his resignation.
Bloomberg - Advanced Micro Devices Inc. is looking for a leader to replace ousted Chief Executive Officer Dirk Meyer who can do a better job combating Intel Corp. and getting chips into new devices. Under Meyer, directors were frustrated with AMD’s lack of progress in gaining market share and entering the tablet- computer industry, according to people familiar with the board’s deliberations. The company announced yesterday that Meyer has resigned and that it’s formed a committee to find a successor.
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