New AMD COO

AMD has name Hector Ruiz as it's new president and COO. The position had been vacant since last July, when former president Atiq Raza left the company amid increasing financial losses. Ruiz joins AMD from Motorola, where he was president of that company's $7.3 billion semiconductor products division. Ruiz is expected to use his manufacturing background to play a role in ironing out several of AMD production problems. He is also expected to take over the role of CEO at AMD when current chairman W.J. Sanders retires at the end of 2001.