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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 249.66+7.6%Jan 21 3:59 PM EST

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From: eracer9/22/2011 7:28:55 PM
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AMD Fires Rick Bergman Under Cloud of Mystery

hardocp.com

Rick Bergman, Senior Vice President and General Manager at AMD has been fired according to HardOCP sources. AMD has given no reason as to why the well seasoned Bergman was leaving his position. It was told to us that Bergman had interviewed for the just-filled CEO position months back at AMD and had been turned down. Since then we have been lead to understand that AMD has lowered the boom on Bergman for not managing the GlobalFoundries relationship properly. Sources tell us that GlobalFoundries is simply not up to the task of supplying AMD its needed parts and Bergman is first in line when it comes to the responsibility of making sure AMD is sourced properly. We understand that Bergman will be the first of the dominoes to fall.
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