Olds noted that buying graphics company ATI has paid AMD some dividends but wasn't enough to give the company the push it needs.

"That division is performing well, but we're still waiting for the synergistic products that were supposed to revolutionize the industry," he said. "At this point, we don't know if Meyer jumped or was pushed, but when a sports team isn't performing up to expectations, it's usually the coach who pays the price. I think that's what we're seeing here."

AMD reported that a CEO Search Committee already has been formed.

Sharon Gaudin covers the Internet and Web 2.0, emerging technologies, and desktop and laptop chips for Computerworld. Follow Sharon on Twitter at or subscribe to . Her e-mail address is .

in Computerworld's Processors Topic Center.