ThomasSeifert
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AMD CFO Thomas Seifert calls it quits, Devinder Kumar takes his place on an interim basis
Advanced Micro Devices' Senior VP and Chief Financial Officer, Thomas Seifert, has decided to leave AMD three short years after joining the company. As you may recall, Seifert briefly took the reigns of AMD as interim CEO in early 2011, until the firm found a permanent replacement in Rory Read later that year. No word on why Seifert has decided to depart the chip maker -- other than "to pursue other opportunities" -- but we do know that Devinder Kumar, AMD's current Senior VP and corporate controller will replace him on an interim basis. The full announcement awaits in the PR after the break.
AMD collects half a billion in Q1 profit, Fusion APUs now account for half of its laptop shipments
AMD's net income for the past quarter was $510 million, generated from $1.61 billion in total revenues. That should make happy reading for a company that's been raising similar gross revenues previously but finding itself losing cash -- though the more intriguing figures are a little deeper in its latest disclosure. CFO and interim CEO Thomas Seifert has noted that AMD "tripled" its Fusion APU shipments relative to last quarter -- meaning that at least 3.9 million units have made their way out to OEM partners in Q1 -- which now account for "roughly half" of the company's notebook shipments. In less upbeat news, average selling prices in both the microprocessor and graphics divisions were down sequentially, with AMD having to react to pressure from its traditional foes Intel and NVIDIA. You might surmise that with the mainstream Llano APU out and shipping to computer makers, AMD might have a happier second quarter, but the company's guidance is for revenues to be flat or slightly down. A final note of pride is reserved for the Radeon HD 6490M and HD 6750M GPUs, which figured prominently in Apple's latest MacBook Pro refresh and mark a bit of a coup for AMD, who's now responsible for all of Apple's discrete graphics across the MacBook Pro and iMac computing lines. Click the links below for even more intel on Advanced Micro Devices.
AMD ships 1.3 million Fusion APUs, 35 million DirectX 11 GPUs, says it has 'momentum'
Hey, this interim CEO thing doesn't seem to be too hard at all. Thomas Seifert, the temporary solution to the problem created by Dirk Meyer's departure from AMD's top spot, has had a pretty comfy ride reporting the company's latest quarterly results. The pecuniary numbers themselves ($1.65b revenue, $375m net income) were tame and unexciting, but Seifert got to make a pair of juicy milestone announcements. Firstly, on the mobile and ever-so-efficient front, he noted that 1.3 million Fusion APUs (Accelerated Processing Units) have been shipped to partners since AMD started deliveries in November, and secondly, in terms of discrete graphics chips, he disclosed that the Radeon HD 5000 and HD 6000 series DirectX 11 GPUs have surpassed the 35 million units shipped mark. To give you some perspective on what that means, sales of Nintendo's bestselling Wii console are hovering somewhere around the same figure. So yes, AMD, your wagon has momentum, but shouldn't it have a driver too?
AMD CEO Dirk Meyer resigns, CFO Seifert takes interim role
What a day for chip news, eh? First NVIDIA and Intel set aside their vicious rhetoric in a $1.5 billion cross-licensing deal, and now AMD is shaking things up at the very top. Now-former CEO Dirk Meyer has resigned in what the company is a calling a "mutual agreement" between him and the Board of Directors. Interim CEO will be CFO Thomas Seifert, who has asked not to be considered as a candidate for the next chief. A search committee for the next CEO is currently being led by Board Chairman Bruce Claflin. The circumstances behind Meyer's departure remain a mystery, but something tells us they can't be as ridiculous as the last major CEO resignation we saw around these parts.
