Technology

Report: Head Of AMD Sales Resigns

Hexus, the technology news site, is reporting that Henri Richard, the AMD executive vice president and chief sales and marketing officer has resigned.

24/7 was unable to get an answer on the matter from the AMD PR department.

AMD has been in deep trouble recently as it has lost market share to larger rival Intel (INTC) and gross margins have fallen.

AMD shares trade at $12.20 down from just below $42 in February 2006.

With all the problems at the company, Hector Ruiz, the CEO, should be the next one out the door.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.