It's a big deal when the CFO bids farewell to a troubled company. If that CFO also served as interim CEO last year, and is the most experienced veteran in the C-suite, well, that's a disaster.
That's why shares of Advanced Micro Devices
On the face of it, this seems like a fairly friendly move. Seifert stays on until Sept. 28 to ease the transition. Reuters says that he wants a permanent CEO position somewhere, which makes sense given his able handling of a rudderless AMD in 2011. But it's a curious career move at the moment, because the semiconductor industry isn't exactly teeming with companies in search of a new CEO.
The best opportunity I can come up with is memory specialist Micron Technology
So AMD's executive team suffers another big-time turnover, leaving investors to doubt the company's big-picture strategy. Intel
AMD shares are trading near three-year lows, and I'm not convinced that the company has another turnaround left in the tank. You could gamble on AMD getting its act together, or you could make a far safer investment in Intel's proven performance and rock-solid dividends. Our brand-new premium report on Intel describes the semiconductor playing field in great detail, and is a must-read for serious chip investors. Claim your edge on the market right now.