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.
Fool contributor Anders Bylund owns shares of Micron but holds no other position in any of the companies mentioned. Check out Anders' holdings and bio, or follow him on Twitter and Google+. The Motley Fool owns shares of Intel. Motley Fool newsletter services have recommended buying shares of Intel. The Motley Fool has a disclosure policy.
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