This would be a good move, but it’s far from the truth. AMD is dealing with poor earnings and preparing for major changes. With the recent news about AMD’s CEO, the embattled Ruiz stepping down, what’s AMD planning to do to get out of this deep financial hole?

AMD’s recent downfall has certainly benefited Intel in a big way, not that Intel needs any help.

One of his biggest jobs will be to help craft AMD’s strategy for slashing its manufacturing expenses, a major concern for any semiconductor company but one of particular importance for AMD as it burns through cash and struggles in a fierce battle with Intel.

Replacing the top may not be the best thing for AMD to come out of this downward slide. They’re replacing Ruiz with Dirk Meyer, 46, an engineer and chip designer who has been helping Ruiz run the company since 2006. That means he knows AMD’s operations intimately but also shares some of the responsibility for the company’s financial distress.

I don’t see this move helping AMD. AMD should have searched for someone with a flawless track record from an established hardware company. This would have brought in fresh blood with a different vision and possibly a better chance of survival against Intel.

ADV MICRO DEVICES
(NYSE: AMD) 4.61 Down 0.69 (13.02%) 12:59PM ET 7/2008

What are your thoughts? Do you think AMD will turn it around under Meyer?