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Saturday, June 21, 2003 12:40:58 PM
Also, not long ago Moodys expressed an intention to re-evaluate AMD's credit worthiness. The results of that seem to be overdue. The delay is almost encouraging. Probably, part of the reason for the delay is the back end loading of this quarter and Moodys desire to avoid the need to rapidly redo and restate such an effort. No guarantees here; but, so far so good.
Last year, about this time, AMD warned twice within about two weeks. We should know in a few days if things are once again grim. Here too, so far, so good.
Ruiz is not new to turn arounds. About a decade ago he took over the helm of the semiconductor division at Motorola after an individual by the name of Fisher ran it into the ground just before leaving for the helm of Kodak where he seemed to run it into the ground. By all reasonable measures, Ruiz was extremely successful.
We shall see if he is still up to the job at AMD.
Regards,
DARBES
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