AMD Completes Sixth Month of Having no Actual CEO

It appears that an unfortunate scenario has come to pass, namely that Advanced Micro Devices has gone a bit too long without finding a Chief Executive Officer to replace Dirk Meyer.

Acer may have managed to find a new chief executive officer, or at least name an official to the position, but the same cannot be said about Advanced Micro Devices.

The fact of the matter is that the Sunnyvale, California-based company has completed its sixth month after letting its previous CEO go.

Normally, a company of AMD's size wouldn't raise any eyebrows if it took a while to find someone appropriate for the leading position.

Nonetheless, six months is a bit long even for this particular maker of processing and graphics solutions.

The ironic part is all this is that, ultimately, the happenings on the IT market seem to have proven Dirk Meyer right, at least to some extent.

The reason he was made to leave his position was that he had intended to ignore the tablet craze and just focus on battling Intel on the PC processor and graphics front.

The board was none too pleased, but it eventually turned out that every tablet project out there that didn't use an ARM chip failed to take off, even as the likes of Samsung Galaxy Tab 10.1 are selling out in a matter of hours after getting launched.

It is here that the aforementioned irony lies, as AMD is actually doing well for a change, financially speaking at least, and that is because of what Meyer had set into motion before his departure (two new families of PC processors were unveiled in the now ended first half of 2011).

Even though its stock is somewhat cheap at the moment, the fact of the matter is that said stock was upgraded not overly long ago, at Intel's expense even. The fact that both new families of PC processors mentioned above were well received undoubtedly helped.

Nonetheless, if the outfit spends much longer looking for a permanent chief executive, this positive trend might not hold up for long.