To: Paul Engel who wrote (40211 ) 11/13/1997 6:20:00 AM From: Kealoha Read Replies (1) | Respond to of 186894
AMD "Rats" leaving the sinking ship.... November 13, 1997 AMD's Dham Resigns Position As Head of Company's Key Unit By a WALL STREET JOURNAL Staff Reporter SUNNYVALE, Calif. -- Vinod Dham, the executive in charge of Advanced Micro Devices Inc.'s most important unit, abruptly resigned for undisclosed reasons. Mr. Dham, 47 years old, was group vice president of the company's computation-products group, a job that put him in charge of microprocessors, which serve as the brains of personal computers. His responsibilities will be assumed by Robert Herb, 36, vice president of strategic marketing for the group, and Larry Hollatz, 55, vice president of AMD's Texas microprocessor division. AMD is struggling to manufacture its K6 microprocessor, an alternative to Intel Corp.'s fastest Pentium II microprocessors. AMD last week acknowledged that its K6 production would fall short of its goal of two million units in the fourth quarter. Mr. Dham, a former Intel executive who helped launch Intel's hit Pentium chip, was widely considered to be heir apparent to Richard Previte, AMD's 62-year-old president. A native of India, he has said that he came to the U.S. in 1975 with $8 in his pocket. He moved from Intel to start-up chip-design company NexGen Inc. in 1995 and joined AMD when NexGen was purchased by AMD in 1996. AMD has lined up high-profile customers for the K6, but it posted an unexpected loss in the third quarter because of the K6 production problems. A spokesman said AMD thanked Mr. Dham for his role in bringing the K6 to market, but he declined to comment further on Mr. Dham's departure. Mr. Dham couldn't be reached for comment. In composite trading Wednesday on the New York Stock Exchange, AMD closed at $19.9375, down $1.6875, or 7.8%. Return to top of page Copyright c 1997 Dow Jones & Company, Inc. All Rights Reserved.