Atiq's soft demeanor should bode well for the company, unlike Jerry's brash personality.
Advanced Micro CEO Is Said To Be Grooming New Chief
(04/06/98; 4:52 p.m. EST)
By Ismini Scouras, Electronic Buyers' News
Jerry Sanders is grooming Atiq Raza, chief technical officer, to
replace him within the next 12 months as president and CEO of
Advanced Micro Devices (AMD), according to an analyst's
report.
"Unlike Jerry's brash personality, Atiq's soft demeanor should
bode well for the company," said Ashok Kumar, an analyst with
Piper Jaffray, in Minneapolis.
Raza was president and CEO of Nexgen, the microprocessor
maker AMD acquired in October 1995.
According to an AMD spokesman, Sanders, 61, is working under
a five-year contract, which stipulates that Sanders must give up
the title of CEO in 2002 and chairman in 2003. Santa Clara,
Calif.-based AMD, which will release quarterly results Tuesday,
might also provide an update about possible management
changes as well as details on production yields of its K6
microprocessor, the spokesman said.
Last week, the company said test yields of its 0.25-micron K6
have risen from 20 percent late last year to nearly 70 percent.
AMD, which signed a two-year foundry agreement with IBM to
build its K6 microprocessor in March, is receiving much needed
cash from IBM, according to the report.
"We have been able to confirm that IBM is indeed injecting
capital into the company and plans to use AMD as an instrument
in its last stand against Intel," Kumar said. |
