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AMD Appoints Dr. Lisa Su as President and Chief Executive Officer

AMD today announced that its board of directors has appointed Dr. Lisa Su as president and chief executive officer and member of the board of directors, effective immediately. Dr. Su, 44, succeeds Rory Read, 52, who has stepped down as president and chief executive officer, and member of the board of directors, as part of a transition plan. Read will support the transition in an advisory role, remaining with the company through the end of 2014.

"Leadership succession planning has been a joint effort between Rory and the board and we felt that Lisa's expertise and proven leadership in the global semiconductor industry make this an ideal time for her to lead the company," said Bruce Claflin, chairman of AMD's board of directors. "The board looks forward to continuing to work with Lisa and the rest of the senior management team to build on the company's momentum. I would also like to thank Rory for his many accomplishments and contributions positioning AMD for long-term success by helping to create a strong foundation and clear path to re-establish the company's growth and profitability."

Microsoft Announces Board Changes and Quarterly Dividend Increase

Microsoft Corp. on Tuesday announced that Teri List-Stoll, executive vice president and chief financial officer of Kraft Foods Group Inc., and Charles W. Scharf, chief executive officer of Visa Inc., have been appointed to the company's board of directors and will join the board effective Oct. 1, 2014. The company also announced that Dave Marquardt and Dina Dublon have decided not to seek reelection to the board of directors and will retire from the board at the expiration of their current term following the annual shareholders meeting in December.

Microsoft also announced its board of directors declared a quarterly dividend of $0.31 per share, reflecting a 3-cent, or 11 percent, increase over the previous quarter's dividend. The dividend is payable Dec. 11, 2014, to shareholders of record on Nov. 20, 2014. The ex-dividend date will be Nov. 18, 2014. "As we continue to focus on the company's transformation and the board continues to evaluate capital strategy options, this dividend increase is another step in our ongoing commitment to increase capital returns to shareholders," said Amy Hood, chief financial officer of Microsoft.

Microsoft Board Names Satya Nadella as CEO

Microsoft Corp. today announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately. Nadella previously held the position of Executive Vice President of Microsoft's Cloud and Enterprise group.

"During this time of transformation, there is no better person to lead Microsoft than Satya Nadella," said Bill Gates, Microsoft's Founder and Member of the Board of Directors. "Satya is a proven leader with hard-core engineering skills, business vision and the ability to bring people together. His vision for how technology will be used and experienced around the world is exactly what Microsoft needs as the company enters its next chapter of expanded product innovation and growth."

GLOBALFOUNDRIES Announces New Chief Executive to Lead Next Phase of Growth

Building on the successful track record of its first five years in the semiconductor industry and its continued commitment to build out its global network of manufacturing facilities, GLOBALFOUNDRIES announced today, from its new offices in Silicon Valley, Sanjay Jha has been appointed as the company's new Chief Executive Officer. Jha has served as CEO of Motorola Mobility Inc. and as the COO of Qualcomm Inc.

Ajit Manocha, who served as an advisor to the company's shareholder prior to being appointed CEO of GLOBALFOUNDRIES in mid-2011, will return to that role and will work closely with Jha on his transition.

Acer Appoints Jason Chen as Corporate President and CEO

Acer announces the appointment of Jason Chen as Corporate President and CEO from January 1st next year. Taking the important role of leading Acer through its corporate transformation, Chen is currently the senior vice president of Worldwide Sales and Marketing at Taiwan Semiconductor Manufacturing Company (TSMC). The resolution was approved by Acer's board of directors today.

Acer Chairman Stan Shih said, "Jason is an excellent manager with extensive management experience and proven execution capability. Acer's search committee met with him on several occasions for in-depth dialogue and exchange of views. We consider him to be the ideal executive to lead our transformation with his wealth of new thinking, international perspective, and willingness to face this challenge. Moreover, he shares the consensus on our strategy and development for Acer's future."

Acer Board Elects Stan Shih as New Chairman and Interim Corporate President

Acer announces that its Board of Directors has elected the company founder, Stan Shih, as Chairman and interim Corporate President with immediate effect. Shih shall serve as Acer's Chairman until the end of his term on the Board. Chairman & CEO J.T. Wang and Corporate President Jim Wong have both stepped down in light of the company's recent performance. The Company will hand over the Corporate Presidency to the appropriate candidate as soon as possible.

Despite their resignations, reluctantly accepted by the Board, both J.T. Wang and Jim Wong have committed to remain with Acer as advisors to ensure a smooth transition and transfer of the management team and to help the company back to stability.

OCZ Technology Reports Results for Its First Quarter of Fiscal 2014

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, reports its first quarter (Q1'14) results which ended on May 31, 2013. "Revenue generated from our enterprise solutions for the first quarter more than doubled compared to the last quarter, and drove the sequential gross margin increase. Overall revenue declined about 20% sequentially, primarily due to the lack of NAND flash supply for our client SSD products," said Ralph Schmitt, CEO of OCZ Technology.

"Over the past year we have restructured the Company, which included the appointment of new leadership, reduced operating expenses, streamlined our product offerings, realigned our engineering talent, and introduced new controller silicon and firmware, new higher-end SSDs for the client market and new storage solutions for the enterprise market," added Schmitt. "Fiscal Q1 is the first quarter in which the company operated with all these particular restructuring and restatement adjustments behind us."

Microsoft CEO Steve Ballmer to Retire Within 12 Months

Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.

"There is never a perfect time for this type of transition, but now is the right time," Ballmer said. "We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. My original thoughts on timing would have had my retirement happen in the middle of our company's transformation to a devices and services company. We need a CEO who will be here longer term for this new direction."

Former ARM CEO Joins Micron's Board of Directors

On the 17th of July, Micron Technology announced the appointment of Warren East to the company's Board of Directors, effective immediately. East served as CEO of ARM Holdings PLC from October 2001 to July 1, 2013. "We are extremely pleased to welcome Warren to our Board of Directors," said Micron CEO Mark Durcan. "Warren transformed ARM during his tenure as CEO, and we are confident his contributions will strengthen our board."

East, who also serves as director of De La Rule PLC, joined ARM in 1994 and later became Vice President of Business Operations. Within three years, he was appointed to the Board as Chief Operating Officer. Prior to ARM, East was with Texas Instruments. "I appreciate the opportunity to serve with the Micron team," said East. "With the acquisition of Elpida, Micron is well-positioned to be a growing, dynamic leader in semiconductor memory and a critical contributor to the success of customers in the storage, mobile and computing markets." East is a chartered engineer, Distinguished Fellow of the British Computer Society, Fellow of the Institution of Engineering and Technology, Fellow of the Royal Academy of Engineering and a Companion of the Chartered Management Institute. He earned bachelor and master degrees in Engineering Science from Oxford University and an MBA and honorary doctorate from Cranfield University.

NVIDIA Appoints Former PepsiCo. Exec Dawn Hudson to Its Board of Directors

NVIDIA announced today that it has named Dawn Hudson, former CEO of PepsiCo's $6 billion North American beverage business and a veteran product-marketing executive, to its board of directors. Hudson, age 55, is vice chairman of Parthenon Group, an international strategy consulting group. Until 2009, she spent 11 years at PepsiCo in top marketing, strategy and management roles.

Previously, she spent 13 years in marketing, advertising and branding strategy, holding leadership positions at major advertising agencies, including DMB&B (D'Arcy Masius Benton & Bowles) and Omnicom. "We are delighted to have Dawn join NVIDIA's board of directors," said Jen-Hsun Huang, president and chief executive officer, NVIDIA. "She has been a senior executive at one of America's great companies and has extensive experience as a company director." Hudson has served on the boards of Lowe's Home Improvement Co. for 12 years; Allergan Inc. for five years; and Interpublic Group of Companies, Inc. for two years. She has a bachelor's degree from Dartmouth College. Her appointment expands NVIDIA's board to 10 members.

OCZ Technology Group Updates Investors on Restatement Progress

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) and power management solutions for computing devices and systems, is updating investors on its restatement process.

"We know that our restatement efforts are top of mind for all investors. This process has taken longer than we expected due to a number of items. Complexity of the transactions, as well as resource issues, were the main drivers for the additional time needed. Rafael Torres, our new CFO, joined us in late March with significant restatement experience and has filled key financial leadership positions and improved the technical depth of the finance organization," stated Ralph Schmitt, CEO of OCZ Technology. "Through these improvements, we have implemented a more rigorous review process that has also resulted in the identification of additional restatement items that have taken some time to review, document and conclude on. Taking these items into account, we believe that we are on track to becoming current with our SEC filings before the end of August."

Aerocool Introduces the New Gaming Case VS-92 Under PGS-V Series

Aerocool Advanced Technologies Corp., one of the world leading manufacturers of gaming PC gear, expands its value gaming series "PGS-V" by introducing the new Vs-92 chassis. "PGS-V labeled products target gamers, who are looking for the very best possible cost to performance ratio when choosing their gears", - says Tony Lin, Aerocool Advanced Technologies CEO.

Vs-92 offers a big variety of features packed into a great looking chassis for a reasonable price. Special eye-catcher is the front panel with it's all mash-design, the yellow PGS V badge in the center, the nicely implemented I/O panel with power and reset buttons. Up to date connectivity is assured thanks to one mic, one headphone and two USB 3.0 connectors that can be conveniently plugged-in directly into the motherboard using header-pin connectors. Right below the I/O panel is a small VF-Display, which is informing the user about the current system temperature inside the PC case. Conventional air-coolers with a height of up to 158 mm can be mounted more easily thanks to the back-plate mounting area in the motherboard-tray. In addition, users with water-coolers are able to utilize the pre-drilled cable-ducts and mount radiators (2 x 120 or 2 x 140) in the top panel, or the side panel in case of the mesh edition. When choosing the Vs-92 as Window Edition, a black window is attached to the side panel, allowing insight on the built-in hardware.

Intel Board Elects Brian Krzanich as CEO

Intel Corporation announced today that the board of directors has unanimously elected Brian Krzanich as its next chief executive officer (CEO), succeeding Paul Otellini. Krzanich will assume his new role at the company's annual stockholders' meeting on May 16.

Krzanich, Intel's chief operating officer since January 2012, will become the sixth CEO in Intel's history. As previously announced, Otellini will step down as CEO and from the board of directors on May 16.

Intel Reports First-Quarter Revenue of $12.6 Billion

Intel Corporation today reported first-quarter revenue of $12.6 billion, operating income of $2.5 billion, net income of $2.0 billion and EPS of $0.40. The company generated approximately $4.3 billion in cash from operations, paid dividends of $1.1 billion, and used $533 million to repurchase 25 million shares of stock.

"Amidst market softness, Intel performed well in the first quarter and I'm excited about what lies ahead for the company," said Paul Otellini, Intel president and CEO. "We shipped our next generation PC microprocessors, introduced a new family of products for micro-servers and will ship our new tablet and smartphone microprocessors this quarter. We are working with our customers to introduce innovative new products across multiple operating systems. The transition to 14nm technology this year will significantly increase the value provided by Intel architecture and process technology for our customers and in the marketplace."

Amped Wireless Introduces Industry's Smallest Powerline AV Network Adapter

Amped Wireless, the leading manufacturer of high power, long range wireless communication products for the home and office, today announced the PLA2 Powerline Nano AV500 1-Port Network Adapter Kit to allow consumers to extend Internet and network access to any room using existing power outlets. The Powerline AV500 standard provides speeds of up to 500 Mbps* and includes a pass-through power outlet on each adapter. The PLA2 kit includes two paired Powerline Network Adapters.

"At Amped Wireless, we strive to provide a complete solution for our customers' network extending needs. With that said, we realize there are certain scenarios where Wi-Fi may not be the best solution. For example, thick walls made with metal or concrete may interfere with Wi-Fi signals. Powerline provides an ideal, plug-and-play solution for these types of situations and can be used to easily connect A/V devices or game consoles. It can also help extend a Wi-Fi signal by pairing a Powerline adapter with our award-winning High Power Wi-Fi Access Points," said Jason Owen, president and CEO at Amped Wireless.

OCZ Technology Investigation Substantially Complete, Plans Restatement of Financials

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that the Audit Committee's investigation, assisted by third party legal and financial advisors, has been substantially completed and a preliminary report has been provided to the Audit Committee. While there continue to be various matters requiring further investigation, the Company believes they will be concluded shortly. The Audit Committee has approved this report and, in consultation with management, concluded that the Company should restate the results for the first quarter of fiscal 2013, as well as the results for certain quarters of fiscal 2012 and for the fiscal year 2012.

The restatements primarily relate to the timing of revenue recognition, the classification of certain customer incentive costs and for the level of reserves for product returns. The number of prior periods affected and the impact of the adjustments will be disclosed in more detail in the Company's restated financial statements, which will be provided as soon as practical. The Board and management are in discussions with Crowe Horwath LLP, the Company's independent auditors regarding the matters identified in the investigation.

Promise Announces Pegasus J2 Is World's Fastest Thunderbolt Storage for Windows

PROMISE Technology Inc., a leader in providing high-performance storage solutions for the rich media market and the leader in designing cutting-edge Thunderbolt enabled devices, is proud to announce creative professionals and power users on PCs can now leverage the unparalleled performance of the award-winning Pegasus J2 to power them through their creative projects. The ultra-portable PROMISE Pegasus J2, one of the first storage devices with Thunderbolt technology to be certified for PC by Intel Corporation, can deliver up to 750 MB/s of performance, yet it's pocket-sized, enabling users to harness high bandwidth to transfer, playback, or edit media directly from the Pegasus J2 from anywhere.

Intel CEO Paul Otellini to Retire in May

Intel Corporation today announced that the company's president and CEO, Paul Otellini, has decided to retire as an officer and director at the company's annual stockholders' meeting in May, starting an orderly leadership transition over the next six months. Otellini's decision to retire will bring to a close a remarkable career of nearly 40 years of continuous service to the company and its stockholders.

"Paul Otellini has been a very strong leader, only the fifth CEO in the company's great 45-year history, and one who has managed the company through challenging times and market transitions," said Andy Bryant, chairman of the board. "The board is grateful for his innumerable contributions to the company and his distinguished tenure as CEO over the last eight years."

4 Million Windows 8 Licenses Sold: Ballmer

Microsoft sold over 4 million licenses to its Windows 8 operating system, which was launched last Friday worldwide. The figure was announced by CEO Steve Ballmer, speaking at the Build conference, attended by over 2,000 developers. Ballmer cited these numbers to encourage developers to build apps for the new operating system, and its fundamentally changed user-interface. Microsoft claimed that there are over 120,000 apps in its Windows App Store, a number catching up with the roughly 700,000 apps on similar established distribution platforms such as Apple App Store and Google Play. "Windows 8 is the best opportunity for software development today," Ballmer stated. "Hundreds of millions of people are aching to use your apps, just dying to use your application."

Source: Tom's Hardware

Perfect World and Valve Announce Exclusive Rights for It to Operate Dota 2 in China

Perfect World Co., Ltd.("Perfect World"), a leading online game developer and operator based in China, and Valve, a leading entertainment software and technology company based in the United States, today announced an agreement granting Perfect World exclusive rights to operate Dota 2 in mainland China. In development at Valve, with design lead "IceFrog," Dota 2 promises to expand on the unique mix of action, RTS, and RPG gameplay that has made Dota one of the most popular online games in the world and a leading title at professional e-sport competitions.

"Valve is one of the best developers of online games in the world. We are very excited to partner with Valve in bringing Dota 2 to Chinese gamers," commented Mr. Robert Hong Xiao, Co-CEO of Perfect World. "Dota 2, a refined work by the developers at Valve, has received great attention from players worldwide. With our years of expertise in delivering quality games in China, we are confident that adding this action strategy game to our diverse portfolio of games will bring additional world-class entertainment and premier gaming experiences to our players in China."

Microsoft Employees Raise $1 Billion for Communities Around the World

Microsoft Corp. today commemorated its 30th Employee Giving Campaign and announced that U.S. employees raised $1 billion in cash since 1983 for approximately 31,000 U.S.-based nonprofits and community organizations. CEO Steve Ballmer announced the milestone during a special town hall event at the Microsoft Redmond campus, which included Microsoft Chairman Bill Gates and Washington State Gov. Chris Gregoire.

"Today, I'm thrilled to announce that since our Employee Giving Campaign started in 1983, Microsoft employees have donated a total of $1 billion to more than 31,000 nonprofits," Ballmer said. "I'm incredibly proud of our employees, and this is truly a time to celebrate, not just because we've raised a record amount of funds, but also because together with our nonprofit partners, we have impacted and improved the lives of hundreds of millions of people."

AMD to Slash Nearly a Third of its Workforce

AMD is reportedly working to cut its workforce by nearly a third, about 20 to 30 percent, according to sources who spoke with All Things D. That's anywhere between 2,200 to 3,300 jobs. The sources say the cuts could affect employees in engineering and sales, departments that have been spared in previous rounds of cuts. The cuts will be deep enough to show that AMD is scaling back its product offerings. It's likely that the cuts could be announced along with the company's quarterly results due on October 18.

AMD CEO Rory Read is said to have assembled a team of business consultants from McKinsey & Company and BCG to guide the company through the process. McKinsey's will handle the job cuts, while BCG will be consulting on a "grand strategy" that could take the company forward.Source: All Things D

OCZ Technology Appoints Ralph Schmitt as President and CEO

OCZ Technology Group, Inc., a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced its board of directors has appointed Ralph Schmitt as the Company's president and chief executive officer effective immediately. Ralph Schmitt has been a member of the Company's board of directors since April 2011.

"I am pleased to announce that OCZ's board has appointed Ralph Schmitt as the Company's president and chief executive officer," said Adam Epstein, OCZ's lead independent director. "Ralph's knowledge of OCZ's business, customers, and target markets along with his extensive management experience and technical expertise make him the ideal person to lead OCZ through the next phase of its development."

OCZ Board Appoints Alex Mei as Interim CEO; Accepts Ryan Petersen's Resignation

OCZ Technology Group, Inc., announced today that its Board of Directors has appointed Alex Mei, Executive Vice President and Chief Marketing Officer as Interim CEO, effective immediately. Mr. Mei's appointment follows the Board's acceptance of Ryan Petersen's resignation as President, CEO and a director of the Company. Mr. Mei will also maintain his current responsibilities as EVP and Chief Marketing Officer until a permanent CEO has been selected.

In regards to his decision to resign, Mr. Petersen said, "I am very pleased to have transitioned the Company from a niche developer, manufacturer, and seller of high-performance DRAM memory modules to a global leader in solid-state storage solutions."

AMD Reports Second Quarter Results

AMD (NYSE:AMD) today announced revenue for the second quarter of 2012 of $1.41 billion, net income of $37 million, or $0.05 per share, and operating income of $77 million. The company reported non-GAAP net income of $46 million, or $0.06 per share, and non-GAAP operating income of $86 million.

“Overall weakness in the global economy, softer consumer spending and lower channel demand for our desktop processors in China and Europe made the closing weeks of the quarter challenging,” said Rory Read, AMD president and CEO. “We are taking definitive steps to improve our performance and correct the issues within our control as we expect headwinds will continue in the third quarter as the industry sets a new baseline. We remain optimistic about our core businesses as well as future opportunities with our competitively differentiated next-generation Accelerated Processor Units (APUs). Our recently launched Trinity APU continues to gain traction with customers. We are committed to driving profitable growth.”
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