Former AMD CEO Ruiz Allegedly Involved in Insider Trading Case

[TechnologyCoordinator]

http://www.edn.com/article/CA6704218.html

The case alleges that the Wall Street employees gained confidential information from an unnamed AMD executive on the company's plans to spin its manufacturing operations, known as GlobaFoundries as of early October 2008. The move was expected by many on Wall Street to increase AMD's stock price as it significantly lowered operating costs.

 

[Scotteq]

The Wall Street Journal reported it on Tuesday. I saw it in the paper, and was amused enough at the silence here that I decided to wait and see how long it took before someone brought it up.

2 Days.

 

[archibael]

Someone brought it up on one of the Intel/AMD threads yesterday. But I was surprised it took that long.

 

[jennyh]

Pretty pointless right now, there aren't enough details to make a decent discussion.

If charged and found guilty however, I hope he gets some islamic style justice from his current employers.

 

[TechnologyCoordinator]

I hope he gets some islamic style justice from his current employers.

LOL.

I agree, not too many details right now. However, since it's on the Internet it must be true... jkjk

The Wall Street Journal reported it on Tuesday. I saw it in the paper, and was amused enough at the silence here that I decided to wait and see how long it took before someone brought it up.

2 Days.

I'm glad to be of use!

 

[Scotteq]

I'm glad to be of use!

< checks appointment book > So... Shall we have the flame war at 5, then?

 

[B-Unit]

5 is no good for me, lets move it up to 4.

 

[TechnologyCoordinator]

5 is no good for me, lets move it up to 4.

Naww, I'm not busy, let's move it up to now....



OMG. AMD are evil. AMD are cheating its investors. Buy Intel so you don't have to support evil insider trading. AMD are eating aborted fetuses.

 

[B-Unit]

OOOO Dirty paid Spintel pumper!!!!!! Hector had to earn his paycheck somehow, lord knows AMD couldnt afford to pay him.

 

[TechnologyCoordinator]

This is END for Intel Evil!

There are 4 facts of Intel that none can ever deny:

1. INTEL makes ALL CANCER IN WORLD! The evil FSB of bloated chips radiates cancer causes. Intel even admits cancer: HERE.
Exlpoding laptop batteries are caused by the cancer waves as Sharikou undeniably proved.

2. AMD will CURE ALL CANCER. This is undeniable proven. AMD has cured Lance Armstrong of all cancer that Intel gave him!
see Armstrong being cured of all cancer by AMD chips!
Oh, you evil Intel fanbois say, why give Cancer to Armstrong? Ha Ha, so obvious, he use a BIKE to go so fast it make the primitive Intel BUS system seem slow, so they try to kill him! Heroic AMD save the day. Opterons cure cancer, Barcelona is proven to cure AIDS!

3. AMD will SOLVE Grobal Walming!! The evil fabois at pro-Intel site like Anand and totally fake 'Doctor' Tom use power meters that are cheating by optimize for Intel evil CPU. The power meters intentionally LIE about the fact that INTEL chips use WAY more power. But it is even worse, since they also LIE about AMD chips!! The Barcelona archictecture is SO advance (10 generations ahead of INTEL) that it MAKE power. This is proven in laptops that AMD gives away to poor countries for free to save the world. AMD will produce so MANY Barcelonas by 2008 that every poor child will have a laptop with a Barcelona that will educate AND POWER FULL VILLAGE WITH 0 POLLUTION!!! Evil Intel wants to stop this so it can make cancer instead!!

5. INTEL IS ALREADY BK!!! Do not believe some fanboi that says Intel makes money, or even paid Intel shill that try to be 'reasonable' by saying Intel BK in Q2 '08. Intel ALREADY BK, they just used last of money from Evil P4 cancer-chips to pay off pumpers on 'news' sites like CNN to lie and say they make money. Any intelligent person could see that Intel is 10 generations back of AMD how could they ever make any money? Total unpossibility!!

Once you learn truith, only then can you be truly objective industry analyst like Shakirou.



("The Burninator", June 1st, 2007)

 

[sub mesa]

good post

 

[cyberkuberiah]

Pretty pointless right now, there aren't enough details to make a decent discussion.

If charged and found guilty however, I hope he gets some islamic style justice from his current employers.

lol ... at this as well as 'Doctor Tom'

 

[Wisecracker]

^^^^^^^^^^^^^^^^^^^^^^^^^^^^
|TIN FOIL PACKET PROTECTION FROM NSA |
\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/


Leave it to the boneheads at the FBI and US Attorney's Office to uncover the worst kept secret in the IT world (while Wall Street financial institutions reamed US Taxpayers of trillions of dollars).


</end packet protection>

 

[jennyh]

http://www.marketwatch.com/story/ruiz-bombshell-how-bad-for-amd-globalfoundries-2009-10-28

Good 2-page article which I believe gets it mostly right.

 

[Scotteq]

Good one, Jenny.

Upholds my belief that both corporations are merely (incredibly large) businesses, who produce "product". No more. No less.
Though I must admit to a certain amount of amusement, given what flys around the forums here on a regular basis.

 

[jennyh]

I disagree. Even if Ruiz is found guilty of something here, it doesn't reflect poorly on AMD if AMD says and does the right thing afterwards.

Ditto for Global Foundries. If, however he is found guilty of some crime and remains in his position then questions should be asked.

It is pretty unlikely he'll be found guilty over anything, so using this as an excuse to reinforce your belief that AMD is crooked like intel is flat out wrong, for now.

 

[uncfan_2563]

Pretty pointless right now, there aren't enough details to make a decent discussion.

If charged and found guilty however, I hope he gets some islamic style justice from his current employers.

watch it pal, you could offend someone by saying that.

 

[spud]

watch it pal, you could offend someone by saying that.

Like who?

 

[uncfan_2563]

people who aren't racists?

 

[JAYDEEJOHN]

This just out:
In a statement from AMD, they made it short
"WHEW!!!!!!, just in time!!"

 

[jennyh]

people who aren't racists?

What?

 

[JAYDEEJOHN]

I think jennyh meant eye for an eye, which is a somewhat fair way to discribe Islamic justice.
Same as old Jewish law.
I wouldnt categorize that as being racist

 

[uncfan_2563]

I think jennyh meant eye for an eye, which is a somewhat fair way to discribe Islamic justice.
Same as old Jewish law.
I wouldnt categorize that as being racist

well if he said that he meant eye for an eye, i wouldn't have reacted to it. I live my life by an eye for an eye anyways

 

[jennyh]

I do mean eye for an eye, except I'm probably a bit more extreme than that. If the americans and arabs do one thing right, it's punishment.

Europeans are far too lenient, we'd rather send our criminals off on holiday camps to rehabilitate them.

 

[TechnologyCoordinator]

I'm not the world's biggest JennyH fan, but I don't think she had any intention to be racist.