AMD Announces the Resignation of Dave Orton, former CEO of ATI

[RadeonR600]

Dave Orton to leave AMD at the end of July
Tuesday 10th July 2007, 02:02:58 PM, written by Rys


http://www.beyond3d.com/content/news/336

AMD has issued a press release announcing that Dave Orton, former CEO
of ATI, is leaving the company as one of its executive VPs at the end
of this month.

Orton had this to say in the press release: "It is with mixed feelings
that I am leaving AMD. I am very optimistic about AMD's future. I
believe strongly in the strategies that brought AMD and ATI together
and the talented employees of the 'new AMD' who are committed to
winning in the market by delivering the best possible solutions for
customers."

Adrian Hartog and Rick Bergman will now report to the Office of the
CEO in their roles as senior VP and general manager of the Consumer
Electronics and Graphics Product Group (GPG) divisions respectively.

It's unclear exactly why Orton is leaving the post of executive VP of
the GPG, after his very successful tenure at the head of ATI
Technologies, following ATI's acquisition of ArtX. One reason could be
money, with too many heads at senior VP level for AMD to feel
comfortable with on a salary basis, as the company looks to cut costs.
We hope it's not for performance related reasons this soon after the
merger, and it'll be interesting to see how analysts and the market
react to the news.

_____

http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~118274,00.html

AMD Announces the Resignation of Dave Orton, former CEO of ATI



SUNNYVALE, Calif. -- July 10, 2007 --AMD (NYSE:AMD) announced today
that Dave Orton, former president and chief executive officer of ATI
Technologies, has resigned as executive vice president of AMD,
effective the end of July, 2007.

"Dave's passion and relentless drive catapulted ATI into a solid
leadership position in each of the company's graphics, chipset and
consumer electronics businesses," said Dirk Meyer, AMD president and
chief operating officer. "More recently, Dave was one of the key
drivers in the successful integration of AMD and ATI. With his
integration work complete and the successful launch of key graphics
and chipset products earlier this year, the time was right for Dave to
take his personal and professional life in a different direction."

"It is with mixed feelings that I am leaving AMD," said Orton. "I am
very optimistic about AMD's future. I believe strongly in the
strategies that brought AMD and ATI together and the talented
employees of the 'new AMD' who are committed to winning in the market
by delivering the best possible solutions for customers."

Adrian Hartog, senior vice president and general manager, consumer
electronics group and Rick Bergman, senior vice president and general
manager, graphics products group will now report into the Office of
the CEO. The addition of the Consumer Electronics and Graphics
businesses as direct reports into the Office of the CEO helps ensure
the ongoing strategic attention and focus for these important
businesses.

 

[Lord Turkey Cough]

Dave Orton to leave AMD at the end of July
Tuesday 10th July 2007, 02:02:58 PM, written by Rys


http://www.beyond3d.com/content/news/336

AMD has issued a press release announcing that Dave Orton, former CEO
of ATI, is leaving the company as one of its executive VPs at the end
of this month.

Orton had this to say in the press release: "It is with mixed feelings
that I am leaving AMD. I am very optimistic about AMD's future. I
believe strongly in the strategies that brought AMD and ATI together
and the talented employees of the 'new AMD' who are committed to
winning in the market by delivering the best possible solutions for
customers."

Adrian Hartog and Rick Bergman will now report to the Office of the
CEO in their roles as senior VP and general manager of the Consumer
Electronics and Graphics Product Group (GPG) divisions respectively.

It's unclear exactly why Orton is leaving the post of executive VP of
the GPG, after his very successful tenure at the head of ATI
Technologies, following ATI's acquisition of ArtX. One reason could be
money, with too many heads at senior VP level for AMD to feel
comfortable with on a salary basis, as the company looks to cut costs.
We hope it's not for performance related reasons this soon after the
merger, and it'll be interesting to see how analysts and the market
react to the news.

_____

http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~118274,00.html

AMD Announces the Resignation of Dave Orton, former CEO of ATI



SUNNYVALE, Calif. -- July 10, 2007 --AMD (NYSE:AMD) announced today
that Dave Orton, former president and chief executive officer of ATI
Technologies, has resigned as executive vice president of AMD,
effective the end of July, 2007.

"Dave's passion and relentless drive catapulted ATI into a solid
leadership position in each of the company's graphics, chipset and
consumer electronics businesses," said Dirk Meyer, AMD president and
chief operating officer. "More recently, Dave was one of the key
drivers in the successful integration of AMD and ATI. With his
integration work complete and the successful launch of key graphics
and chipset products earlier this year, the time was right for Dave to
take his personal and professional life in a different direction."

"It is with mixed feelings that I am leaving AMD," said Orton. "I am
very optimistic about AMD's future. I believe strongly in the
strategies that brought AMD and ATI together and the talented
employees of the 'new AMD' who are committed to winning in the market
by delivering the best possible solutions for customers."

Adrian Hartog, senior vice president and general manager, consumer
electronics group and Rick Bergman, senior vice president and general
manager, graphics products group will now report into the Office of
the CEO. The addition of the Consumer Electronics and Graphics
businesses as direct reports into the Office of the CEO helps ensure
the ongoing strategic attention and focus for these important
businesses.

Hmmm seems like my report on how sh*t there website was went right to
the top :O)
Only being trying to find out what their cards do for about 3 years, I guess
I will know before 2012 now.

 

[No One]

ANd the stock went up about $0.80 since the news. Woot.

 

[John Lewis]

Dave Orton to leave AMD at the end of July
Tuesday 10th July 2007, 02:02:58 PM, written by Rys


http://www.beyond3d.com/content/news/336

AMD has issued a press release announcing that Dave Orton, former CEO
of ATI, is leaving the company as one of its executive VPs at the end
of this month.

Orton had this to say in the press release: "It is with mixed feelings
that I am leaving AMD. I am very optimistic about AMD's future. I
believe strongly in the strategies that brought AMD and ATI together
and the talented employees of the 'new AMD' who are committed to
winning in the market by delivering the best possible solutions for
customers."

Adrian Hartog and Rick Bergman will now report to the Office of the
CEO in their roles as senior VP and general manager of the Consumer
Electronics and Graphics Product Group (GPG) divisions respectively.

It's unclear exactly why Orton is leaving the post of executive VP of
the GPG, after his very successful tenure at the head of ATI
Technologies, following ATI's acquisition of ArtX. One reason could be
money, with too many heads at senior VP level for AMD to feel
comfortable with on a salary basis, as the company looks to cut costs.
We hope it's not for performance related reasons this soon after the
merger, and it'll be interesting to see how analysts and the market
react to the news.

Orton managed to slick-talk AMD into buying his non-performing company
for a 20% premium over market-value. The worst mistake AMD ever
made... now heavily in debt thanks to the acquisition and gasping for
air. When AMD bought ATi , I sold a bunch of ATi stock (which I had
bought speculatively a few months earlier, expecting some sort of bid
from somewhere for this horribly mismanged company ) for the 20%
profit and also promptly sold a bunch of AMD stock short for a final
profit on AMD of about 40%. Nothing smart about my activities... just
carefully observing high-tech companies over a period of time.

So finally AMD has shipped Orton out. I'm sure that the very late and
lamentable-performance 2900 and the very late and lackluster 2600/2400

provided some convenient grease to speed his exit. No tears for Dave.
He made out like a banshee with his con-job on the ATi sale at 20%
premium. AMD needs to ship all of the decision-makers on the
disastrous ATi acquisition out the door also.... when do we say
bye-bye to Hector ? The deal should have been totally avoided.
Core 2 was out in the marketplace getting rave-reviews 3 months
before the ATi deal was finally consummated and AMD clearly knew that
they had real competition on their hands. It was obvious to me at the
time that AMD had to attend to their CPU-knitting instantly and not be
diverted by deals requiring massive debt and diversion of attention
from AMD's core business. I was flabbergasted that AMD continued
blindly with the ATi acquisition. Up to that time I had been an
admirer of AMD... and been profitably buying AMD stock. However,
emotion cannot dominate stock-purchase decisions, only cold
business-logic....

John Lewis

 

[RadeonR600]

Orton managed to slick-talk AMD into buying his non-performing company
for a 20% premium over market-value. The worst mistake AMD ever
made... now heavily in debt thanks to the acquisition and gasping for
air. When AMD bought ATi , I sold a bunch of ATi stock (which I had
bought speculatively a few months earlier, expecting some sort of bid
from somewhere for this horribly mismanged company ) for the 20%
profit and also promptly sold a bunch of AMD stock short for a final
profit on AMD of about 40%. Nothing smart about my activities... just
carefully observing high-tech companies over a period of time.

So finally AMD has shipped Orton out. I'm sure that the very late and
lamentable-performance 2900 and the very late and lackluster 2600/2400

provided some convenient grease to speed his exit. No tears for Dave.
He made out like a banshee with his con-job on the ATi sale at 20%
premium. AMD needs to ship all of the decision-makers on the
disastrous ATi acquisition out the door also.... when do we say
bye-bye to Hector ? The deal should have been totally avoided.
Core 2 was out in the marketplace getting rave-reviews 3 months
before the ATi deal was finally consummated and AMD clearly knew that
they had real competition on their hands. It was obvious to me at the
time that AMD had to attend to their CPU-knitting instantly and not be
diverted by deals requiring massive debt and diversion of attention
from AMD's core business. I was flabbergasted that AMD continued
blindly with the ATi acquisition. Up to that time I had been an
admirer of AMD... and been profitably buying AMD stock. However,
emotion cannot dominate stock-purchase decisions, only cold
business-logic....

John Lewis- Hide quoted text -

- Show quoted text -

John, that was well thought out post with far more understanding of
dismyal situation that AMD is in than I've read from anyone else.

I wasn't happy ATI decided to sell themselves to AMD. I'd been waiting
for ATI to get back to kicking Nvidia's butt like they did in
2002-2003.

Nvidia really turned themselves around with the NV4x / G7x while ATI
didn't repeat the feat they pulled off with R300.

right now the only thing I can think of that's keeping Nvidia in check
and AMD/ ATI going (on the graphics side) is the success of Xbox 360
and Wii. ATI's GPUs are in both. If PS3 continues to stay in last
place, that'll minimize Nvidia in the console space. an Nvidia-
dominated
landscape won't be good. even though Intel is the #1 provider of
graphics, they don't do anything for the midrange to highend segments,
yet at least.