RUMOR: DELL PLANNING TO BUY AMD

Rumor has it that Dell has been looking to buy chipmaker Advanced Micro Devices (AMD). AMD has been having its clock cleaned for some time now by rival IBM. Senior executives have been fleeing left and right in the last month, with CEO Dirk Meyer departing back in January and COO Robert Rivet also running away from the beleaguered chipmaker last week.

Right now, CFO Thomas Seifert is acting as interim CEO at AMD, but he has asked that the promotion be temporary until a new CEO can be found.

“There is no management team there,” said Patrick Wang, an analyst at Wedbush Securities in New York. He then said there is a “far-reaching possibility” that the company is up for sale, according to “chatter.”

The purchase by Dell would put them in charge of its own manifest destiny, controlling the silicon of both the processors and GPUs that make up its machines.

AMD CEO RESIGNS

AMD CEO Dirk Meyer has resigned in what the company is a calling a "mutual agreement" between him and the Board of Directors. Interim CEO will be CFO Thomas Seifert, who has asked not to be considered as a candidate for the next chief. A search committee for the next CEO is currently being led by Board Chairman Bruce Claflin. The circumstances behind Meyer's departure remain a mystery. [Engadget]