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Why has Ruiz left so GlobalFoundries so suddenly?

by HEXUS Staff on 2 November 2009, 15:00

Tags: AMD (NYSE:AMD), GLOBALFOUNDRIES

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Awkward for AMD

Furthermore, we would've thought that AMD itself has been frenziedly considering how best to protect its own position from a PR perspective.

Especially with regards the AMD v Intel anti-trust case, because at least in the court of public opinion, AMD may likely now be perceived to have lost the moral high ground to Intel.

As a result, we wouldn't be surprised at a somewhat sharper conclusion to that affair, with AMD perhaps less likely to receive quite the level of settlement that some were speculating.

Amidst all the furore focussed on the identity of the ‘unnamed AMD-exec' in the insider trading scandal, at least one question that seems not to have been raised, let alone answered, is: what led to the federal authorities being in a position to intercept telephone conversations which revealed the scandal?

Which in itself rather begs the question of who or what was the first subject of the federal authorities attention...

Was it really those accused of insider trading, or was that an incidental matter, the intelligence of which was gained from possibly broader surveillance of a fantastically wealthy middle-eastern operation, embarking on investing in very key US assets?

Whilst that question hangs in the air, one other thing to reflect upon is if GlobalFoundries are as swiftly aggressive in dealing with its internal affairs and external communications, as they are in its stated, well-funded, business ambitions "to be the first truly global semiconductor foundry...", what's to really stop them executing on this vision?



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