AMD's China Division Executive Departs Company

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AMD has lost another key executive. The company confirmed the departure of David Tang, who was senior vice president and president of Greater China region for the 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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29 Comments Comment from the forums
  • 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.
    Reply
  • 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.
    Reply
  • zeratul600
    so has amd stock reach rock bottom? do i buy now¿
    ?
    Reply
  • A Bad Day
    zeratul600so has amd stock reach rock bottom? do i buy now¿?
    Nah, keep shorting.*

    * Shorting is where you bet that the stocks will go down by borrowing the stocks, then selling them at the current price, then pay back the stocks when the prices drop.
    Reply
  • 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.
    Reply
  • tomfreak
    alidanintel 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.it is more like the management kill amd itself. not really Intel's fault. the guys who design the awesome Ahtlon64 are all over Apple, and other place.

    besides bulldozer should have complete with Core2 quad Q9000/Nehelem and it is delayed again and again.
    Reply
  • digiex
    AMD could use a small miracle to get its business back on track.

    So you mean it's hopeless for AMD? I pray not, maybe a miracle could happen.
    Reply
  • memadmax
    Intel will always produce more powerful processors because that's what keeps the ball rolling.

    I don't know why people think that Intel has or will have a monopoly on the chip market, or think thats a bad thing if they do have a monopoly, which they effectively had for a very long time by the way.

    The chip market is not like any other market, you have to continuously improve the product otherwise you peeter out and die... sorta like what happened to AMD, CYRIX, and others btw....

    Intel makes the best... thats why they are king. Sometimes they do produce a dud, but they adapt and overcome... thats what makes them great.
    Reply
  • tomfreak
    memadmaxIntel will always produce more powerful processors because that's what keeps the ball rolling.I don't know why people think that Intel has or will have a monopoly on the chip market, or think thats a bad thing if they do have a monopoly, which they effectively had for a very long time by the way.The chip market is not like any other market, you have to continuously improve the product otherwise you peeter out and die... sorta like what happened to AMD, CYRIX, and others btw....Intel makes the best... thats why they are king. Sometimes they do produce a dud, but they adapt and overcome... thats what makes them great.people are paraniod. brace urself u'll get thumb down for this.

    they fear the cheapest Pentium will sell @ i3 price or i3 selling @ i5 price, but they forgot Intel cannot be greedy & make desktop/laptop expensive when the ARM is attack its market right now.
    Reply
  • wdmfiber
    Bulldozer wow...
    Before it was released, I figure it was way overhyped.

    A friend of mine was debating getting an i7-980X. This was early 2011 and the CPU was used; a relative of his had it. Anyway the concern was Bulldozer would decimate everything. I was doubtful and he did end up getting it. But unbelievable, that CPU is almost 3 years old now and it still ranks near the top! Bull.... what?

    One bad product can destroy a company. I know it's not the only issue, but's frig...
    And AMD's troubles suck for the whole industry and consumers. Intel does need some competition.
    Reply