Advanced Micro Devices (NYSE:AMD) is starting to make some shareholders a little nervous, as after the company quickly got rid of CEO Dirk Meyer in January, there has been nothing to indicate there is a serious search going on, especially with the vulnerability of competitors Intel (Nasdaq: INTC) and NVIDIA (Nasdaq: NVDA), which strong leadership could have been able to exploit.
"You'd think it was in AMD's best interest to plug this glaring hole in its leadership structure, and I mean pronto. But it's almost two months later, and we haven't heard a peep about CEO candidates yet. In the meantime, several of Meyer's most trusted lieutenants have either left AMD outright or at least announced their intentions to move on," said Motley Fool.
"To put that delay into perspective, Hewlett-Packard (NYSE:HPQ) was leaderless for about six weeks after the Mark Hurd debacle before bringing aboard Leo Apotheker from his cushy CEO post at SAP (NYSE:SAP), a global giant in enterprise software. AMD's search is about to roll into week number nine, making it slower than what the arguably more bureaucratic HP processes could muster.
"Sure, AMD has less clout than giant HP and will probably not be able to pry a reigning CEO away from a rival. That makes for a slower search. I'd also hate for AMD to rush into a bad decision for obvious reasons - the medicine has to be better than the disease."
AMD closed Wednesday at $8.67, down $0.32, or 3.56 percent.
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Thursday, March 10, 2011
AMD (AMD): Take Me To Your Leader
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1 comment:
Let's face the facts, it would have only made an invester nervous had they bought AMD at a 52 week high and sold it at a 52 week low, which ONLY would stand to reason if you're shorting. For those not wishing to loose money, take a tax break or stay in the game by decreasing your "dollar cost average" after it drops significantly after buying at a 52 week high.
It's on sale, only second to INTC with a 2 beta as apposed to INTC 1 beta.
Surf the waves or get out of the ocian.
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