AMD CEO Hector Ruiz tipped up at the firm's annual shareholder meeting today and failed to explain what is going to happen to the chip maker.
The bloke has been dropping hints about going "asset light" or "hopefully a bit more profit heavy" for a number of months now, and the speculation that he some cunning masterplan stuffed into his back pocket has boosted the firms's stock price by 20 per cent in the past two weeks.
That in itself was probably a good enough reason for him to keep his mouth shut.
The meeting lasted less than half an hour. Hector burbled on a bit about how the hard times are over. “Our long-term plan is to be profitable in good times and bad. We’re currently reorganizing the company,” he said.
He turned "asset light" into "asset smart" and did say the strategy was " progressing", but said he'd shed more light on the plans at some unspecified later date.
“I could not be more disappointed with our financial results," he confessed. "The Barcelona delay really hurts.”
And that was about it. Whether AMD will go fabulously fabless, or remain haplessly befuddled we'll have to wait to find out. µ
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