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New Advanced Micro Devices CEO Dirk Meyer speaks at an financial analysts meeting at company headquarters in Sunnyvale, Calif., Thursday, Nov. 13, 2008. Many of the problems facing AMD are of its own making. But the limited choices the chip maker has for solving its troubles are symptoms of an affliction sweeping through Silicon Valley. Slumping sales, big layoffs and devastated stock prices are becoming the norm, resurrecting memories of the malaise that gripped the Valley for years after the dot-com meltdown in 2000.
New Advanced Micro Devices CEO Dirk Meyer gestures at an financial analysts meeting at company headquarters in Sunnyvale, Calif., Thursday, Nov. 13, 2008. Many of the problems facing AMD are of its own making. But the limited choices the chip maker has for solving its troubles are symptoms of an affliction sweeping through Silicon Valley. Slumping sales, big layoffs and devastated stock prices are becoming the norm, resurrecting memories of the malaise that gripped the Valley for years after the dot-com meltdown in 2000.
This photo provided by Advanced Micro Devices shows a 45 nanometer Enhanced Quad-Core AMD Opteron processor Die. AMD's new Opteron processors are AMD's first chips based on 45-nanometer manufacturing technology. That means the company has shrunken the tiny parts of the circuits to an average of 45 nanometers wide, or 45 billionths of a meter. Smaller circuitry means the chips are cheaper to make and can hold more transistors, which boosts performance.
Advanced Micro Devices' (AMD) Turion X2 Ultra Dual-Core Mobile processors, used in the new line of Puma chips, are seen in an undated handout image released to Reuters June 4, 2008. AMD is rolling out a much-awaited line-up of chips for laptops, as Intel Corp's main rival seeks to regain a competitive footing against the world's biggest chip maker.
Advanced Micro Devices Inc. CEO Hector Ruiz delivers his keynote at the Oracle Open World conference in San Francisco, in this Monday, Nov. 12, 2007 file photo. Battered by product delays and acquisition costs, beleaguered chip maker Advanced Micro Devices Inc. said Monday that it will cut 10 percent of its work force or more than 1,800 workers out of 18,600 worldwide.
Advanced Micro Devices CEO Hector Ruiz leaves the stage during a conference in San Francisco, Nov. 12, 2007. Ruiz was pushed aside Thursday, July 17, 2008, after six tumultuous years as CEO of Advanced Micro Devices Inc., as the chip maker tries to pull itself out of a deep financial hole caused by a questionable acquisition and a major product gaffe. AMD also reported its second-quarter loss widened as the computer chip maker was hurt by a large asset impairment charge from discontinued operations.
Advanced Micro Devices CEO Hector Ruiz gives a presentation in San Francisco during a conference, Nov. 12, 2007. Ruiz was pushed aside Thursday, July 17, 2008, after six tumultuous years as CEO of Advanced Micro Devices Inc., as the chip maker tries to pull itself out of a deep financial hole caused by a questionable acquisition and a major product gaffe.
Advanced Micro Devices CEO Hector Ruiz gives a presentation in San Francisco during a conference, Nov. 12, 2007. Ruiz was pushed aside Thursday, July 17, 2008, after six tumultuous years as CEO of Advanced Micro Devices Inc., as the chip maker tries to pull itself out of a deep financial hole caused by a questionable acquisition and a major product gaffe. AMD also reported its second-quarter loss widened as the computer chip maker was hurt by a large asset impairment charge from discontinued operations.
Advanced Micro Devices CEO Hector Ruiz gives a presentation in San Francisco during a conference, Nov. 12, 2007. Ruiz was pushed aside Thursday, July 17, 2008, after six tumultuous years as CEO of Advanced Micro Devices Inc., as the chip maker tries to pull itself out of a deep financial hole caused by a questionable acquisition and a major product gaffe. AMD also reported its second-quarter loss widened as the computer chip maker was hurt by a large asset impairment charge from discontinued operations.
Advanced Micro Devices CEO Hector Ruiz leaves the stage during a conference in San Francisco, Nov. 12, 2007. Ruiz was pushed aside Thursday, July 17, 2008, after six tumultuous years as CEO of Advanced Micro Devices Inc., as the chip maker tries to pull itself out of a deep financial hole caused by a questionable acquisition and a major product gaffe.
Advanced Micro Devices Inc. CEO Hector Ruiz talks during his keynote at Oracle Open World conference in San Francisco, Monday, Nov. 12, 2007. AMD on Wednesday, Dec. 12 said it expects to take a "material" goodwill impairment charge on its 2006 acquisition of Canadian graphics chip maker ATI Technologies Inc.