John Paczkowski

Recent Posts by John Paczkowski

AMD: Putting the Micro Back in Advanced Micro Devices

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“Difficult, but prudent, actions.” That’s how AMD describes its decision to sack 1,100 employees and reduce the base pay of those who remain. Come February, the chipmaker will reduce its workforce by roughly nine percent. It will suspend its 401(k) match for employees. It will reduce the salaries of vice presidents and other execs by 15 percent, the salaries of overtime-ineligible employees by 10 percent and those of executive chairman Hector Ruiz and CEO Dirk Meyer by 20 percent.

More ugly news for a company that suffered through a 10 percent workforce reduction last April and another three percent cut in November. Said a company spokesman, “These actions, while difficult, will allow AMD to better navigate the turbulent economic conditions while protecting our core capability to execute our technology roadmaps and position AMD for long-term success.”

Hope so. Right now AMD (AMD) shareholders are sitting on upward of 90 percent losses.

[Image Credit: Someecards]


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”