...in this case a big field behind their HQ in Sunnyvale apparently.
I guess that should reduce their Q3 losses by a few million.
Desperate times at AMD. I repeat, they need to cut heads and costs. The way to cut costs is by Hector focussing on key projects and not trying to do everything. Some time ago I had predicted the PIC would die. It actually did - and then foolishly was revived. Hector needs to stop chasing the market share dream as well as the dream of AMD becoming some kind of mammoth platform company in 2008. You're in a hole - don't dig yourself a new one Mr Ruiz. Focus on digging yourself out of this one before you drive AMD into the ground and a lot more innocent employees have to pay the price.
Subscribe to:
Post Comments (Atom)
1 comment:
the pyramid gets even more hollow.
Selling tangible assets to keep a money losing business further erodes the valuation of this company. A business is supposed to generate cash through its operations, not through selling its assets. This is just prolonging the inevitable because if you look at what's ahead, AMD is stuck with fixed costs that does not allow it to back out due to contractual obligations. And its only hope to raise cash hinges on a product that doesn't even work properly.
> roborat
Post a Comment