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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: redbird who wrote (28502)	2/14/2001 5:55:49 PM
From: AK2004	Respond to of 275872

Redbird don't celebrate just yet.... Regards -Albert 02:37pm EST 14-Feb-01 Corporate Release (Toni Beckham,4087493127) AMD AMD ANNOUNCES AMENDED AGREEMENT WITH CEO AND AFFIRMS CEO SUCCESSION PLAN SUNNYVALE, Calif.--Feb. 14, 2001--AMD (NYSE:AMD) announced today that its board of directors and W.J. Sanders III, chairman and chief executive officer, have agreed that Mr. Sanders will serve as CEO until the annual shareholder meeting in April of 2002. At that time the board expects that Dr. Hector de J. Ruiz, president, chief operating officer, and a member of the board of directors, will succeed Mr. Sanders as CEO. Under his amended agreement, Mr. Sanders will serve as chairman of the board through 2003. "We are extremely pleased with our plan for a seamless leadership transition," said Charles M. Blalack, chairman of the compensation committee of the board of directors. "Jerry Sanders is one of the true visionary leaders of the semiconductor industry, and of course the driving force of AMD since its founding over 30 years ago. While Jerry will step down as chief executive officer in April of 2002, our agreement assures that AMD will continue to have the benefit of his active involvement in vision, strategy and key industry relationships." "Since coming to AMD in January of 2000 as president and chief operating officer, Hector Ruiz has taken charge of day-to-day operations and launched a number of initiatives to improve our operational performance and efficiency," said Mr. Sanders. "We have a great working relationship across the waterfront of strategic and planning issues. Most important, he is an outstanding leader and semiconductor industry veteran who shares and embodies the customer- and employee-focused values that define the AMD culture," Mr. Sanders concluded. About AMD AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan and Asia. AMD produces microprocessors, flash memory devices, and support circuitry for communications and networking applications. Founded in 1969 and based in Sunnyvale, Calif., AMD had revenues of $4.6 billion in 2000. (

To: redbird who wrote (28502)	2/14/2001 6:47:42 PM
From: niceguy767	Respond to of 275872

redbird: "The market seemed to like the JS retirement better than the LDT news. Hope they still have someone with a little zeal at the top." It's been said before that many have attempted to compete with INTC, but only one real competitor exists today...and, imho, the unique set of management skills exhibited by JS is the major reason that AMD is currently on the threshold of assuming market leadership in the microprocessor sector!!! What's the expression??? The proof is in the pudding...JS has succeeded where many others have fallen short!!! JS would make a great study for Harvard business students as to attributes that will be required for successful enterprises in the new millenium...