AMD Chief Technology Officer Resigns
posted 1:03 pm Fri April 11, 2008 - NEW YORK
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The chief technology officer and vice president of chip maker Advanced Micro Devices is resigning, the company said Friday.Phil Hester, 52, joined the company in 2005 after working for IBM Corp. for more than 20 years. His resignation comes as AMD struggles amid intense competition from Intel Corp.'s and delays in the role out of key products.
AMD shares fell 5 cents to $6.22 in afternoon trading.
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