Thursday, November 05, 2009 8:44:24 PM
Why does Ruiz keep getting a pass...
Cuomo just looks the other while Hector gives out insider information yet jumps on the gravy train of Intel billions for new york.
Very good question.
I think there is considerable damage that has been done by Ruiz to AMD (beyond the embarrassment), but it will not come out in public. What Ruiz was doing was classic "pump and dump". What he was pumping, to Wall St, was his company AMD. What he was dumping was the Fab's. The people who he was dumping to, were from Abu Dhabi. Remember he was in negotiations at the time and the eternal optimism about quarterly earnings, in retrospect, was contrived and part of the sell. After the deal was announced, many here questioned the wisdom of the Arabs. It is my opinion that the Arabs have now been enlightened, at least privately. They can not admit to being "suckered", because someone high up will have to take responsibility. What they can do is become more apprehensive towards AMD. Bottom line, the 50/50 board of AMD has now become a lot more polarized. Thanks to Ruiz.
IMHO
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