Report: Head Of AMD Sales Resigns

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Hexus, the technology news site, is reporting that Henri Richard, the AMD executive vice president and chief sales and marketing officer has resigned.

24/7 was unable to get an answer on the matter from the AMD PR department.

AMD has been in deep trouble recently as it has lost market share to larger rival Intel (INTC) and gross margins have fallen.

AMD shares trade at $12.20 down from just below $42 in February 2006.

With all the problems at the company, Hector Ruiz, the CEO, should be the next one out the door.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.