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AMD CEO: “We’re going to turn into a cashflow machine”

by Sylvie Barak on 12 November 2009, 15:00

Tags: AMD (NYSE:AMD)

Quick Link: HEXUS.net/qauus

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A cashflow machine

The CEO proudly declared his team had pulled together and was "working as a single company towards the promise of fusion," hitting or exceeding all the targets the firm set for itself along the way. "I feel very good about the execution," he said.

"Increasingly it's the graphics processors and the tight incorporation of the GPU and the CPU that will really make a difference moving forward," Meyer continued, adding that although he felt good progress had been made in 2009, there was still much work to be done in order to produce truly "compelling offerings."

Later, speaking exclusively to HEXUS, Meyer spoke of his excitement for 2010 and 2011, which he agreed was a "magic year" for the firm. "That's where it really all kicks off," he told us, adding "we've got good stuff."

Meyer told us he strongly believed AMD had "a good story," ahead, repeating his mantra that the firm would "change the game with fusion," and that a "cultural change" was already in flight.

Spinning-off GlobalFoundries "created the right business model for AMD," Meyer continued, describing the fab company as "a powerhouse in the foundry business." The deal, he explained, gave the firm the ability to become a more agile company, boasting that without the burden of a fab "we're going to turn into a cashflow machine."