AMD Restructures. Lisa Su Is Now COO.

Subject: Editorial, General Tech, Graphics Cards, Processors, Chipsets | June 13, 2014 - 03:45 PM |
Tagged: x86, restructure, gpu, arm, APU, amd

According to VR-Zone, AMD has reworked their business, last Thursday, sorting each of their projects into two divisions and moving some executives around. The company is now segmented into the "Enterprise, Embedded, and Semi-Custom Business Group", and the "Computing and Graphics Business Group". The company used to be divided between "Computing Solutions", which handled CPUs, APUs, chipsets, and so forth, "Graphics and Visual Solutions", which is best known for GPUs but also contains console royalties, and "All Other", which was... everything else.

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Lisa Su, former general manger of global business, has moved up to Chief Operating Officer (COO), along with other changes.

This restructure makes sense for a couple of reasons. First, it pairs some unprofitable ventures with other, highly profitable ones. AMD's graphics division has been steadily adding profitability to the company while its CPU division has been mostly losing money. Secondly, "All Other" is about a nebulous as a name can get. Instead of having three unbalanced divisions, one of which makes no sense to someone glancing at AMD's quarterly earnings reports, they should now have two, roughly equal segments.

At the very least, it should look better to an uninformed investor. Someone who does not know the company might look at the sheet and assume that, if AMD divested from everything except graphics, that the company would be profitable. If, you know, they did not know that console contracts came into their graphics division because their compute division had x86 APUs, and so forth. This setup is now more aligned to customers, not products.

Source: VR-Zone

Kodak Files Chapter 11, Looks To Bankruptcy For Protection

Subject: General Tech | January 19, 2012 - 10:24 PM |
Tagged: kodak, chapter 11, bankrupt, restructure, patents, cameras, photography

Eastman Kodak company has been on the rocky edges financially for some time and late last year there were rumors that Kodak would be filing for bankruptcy. Well, it looks like the company's financial position is now official, as they have filed for Chapter 11 bankruptcy and are working to restructure their US operations and become profitable. The company has paired with Lazard, FTI Consulting Inc and Sullivan & Cromwell to assist them in shaving down their business into a lean, mean, picture capturing machine. Under their Chapter 11 filing, Kodak will work to bolster liquidity by trimming down the business to its core and monetizing their "non-strategic intellectual property." The IP likely will involve Kodak selling off some of their non-core patents for imaging. After all, they have a catalog of 1,100 patents, so they definitely have plenty of room to work with in monetizing their assets.

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According to Tom's Hardware, since 2003 the company has shut down 13 manufacturing plants, 130 processing facilities, and shed 47,000 workers. Further, to help with the restructuring process, they have obtained $950 million debtor-in-possession loan through Citigroup that will mature in 18 months. This should give the company enough cash to tide them over while they restructure and prepare to sell off certain assets. Kodak states that "Kodak aims to build company that will be successful in the marketplace – and a positive force in the communities we call home." It is important to note that the non-U.S. based operations of Kodak are not affected by the Chapter 11 bankruptcy filing.

Kodak has set up a web page to detail their restructuring efforts.

Source: Kodak