AMD's China Division Executive Departs Company

Spencer Pan, corporate vice president and managing director for Greater China has assumed Tang's former role.

It was unclear whether Tang left voluntarily or whether he was let go. According to Digitimes, there have been rumors of a possible exit of Tang for some time.

Given its staff departures as well as economic challenges, AMD could use a small miracle to get its business back on track. Financial securities firm Evercore Partners recently cut AMD's fourth quarter outlook from a revenue expectation of $1.15 billion to $1.13 billion and a loss of 13 cents per share. For 2013, the environment could get worse as the firm predicts $4.8 billion in revenue, down from $4.87 billion. The forecast loss is 18 cents per share.

AMD's stock stood at $2.45 per share. AMD's current market cap is $1.74 billion.

 

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  • alidan
    sacreMan them days seem to be gone.. AMD why did you slack off?I mean you had intel by the balls with the 64's. Ah well. At least intel is still supplying us with more powerful CPU's despite the lack of competition.


    intel effectivly killed amd through a monopoly, and amd never really recovered.
    right now we should be seeing a 50/50 market share considering that amd was FAR out preforming intel for a while, but amd never made the money because intel said if people use amd for anything they lose the bulk discounts form them.

    hell even today, amd is a great value but they still cant get over 10% market share for some reason.
    10
  • Other Comments
  • tomfreak
    AMD GPU are doing pretty well, I hope the crappy CPU do not affect the GPU development.

    I hate to see the profit from GPU goes to pay CPU expenses.
    -6
  • sacre
    Man them days seem to be gone.. AMD why did you slack off?

    I mean you had intel by the balls with the 64's.

    Ah well. At least intel is still supplying us with more powerful CPU's despite the lack of competition.
    5
  • zeratul600
    so has amd stock reach rock bottom? do i buy now¿
    ?
    0