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Faces Of The Week
Priceline Promotes Boyd; AMD Chairman Sanders Buys Stock NEW YORK - Doers and doings in business, entertainment and technology: Name your own price Internet travel company Priceline.com (nasdaq: PCLN - news - people ) named 46-year-old Jeffrey Boyd president and chief executive. He assumes the titles in a very inauspicious time. The company's stock lost more than 25% of its value earlier this month after posting results that were badly wounded by weakness and discounting in the airline industry. The firm announced it was going to combat the challenges by cutting 15% of its staff. Boyd was Priceline.com's president and had shared the company's CEO responsibilities with Chairman Richard S. Braddock. Braddock, 60, will continue as priceline.com's non-executive Chairman. Boyd has been with the firm since 2000. More... Is the economy cooking a rebound for the tech sector? That's what some microchip CEOs are smelling. Last week, National Semiconductor (nyse: NSM - news - people ) head Brian Halla pinned down what he expects to be the exact date of the semiconductor industry turnaround: June 21, 2003. Working with a Stanford University professor and about two decades of semiconductor sales data, Halla came up with his prediction by building a mathematical model that incorporated everything from chaos theory to deterministic progression. Advanced Micro Devices (nyse: AMD - news - people ) Chairman Jerry Sanders is also banking on a pickup. Sanders bought 300,000 shares of stock in of his semiconductor maker last week, according to a U.S. regulatory filing at $6.89 per share. The deal has paid off--at least in the short term: AMD shares closed at $8 yesterday on the New York Stock Exchange. More...
News items can be submitted to Greg Levine at glevine@forbes.net or by calling him at (212) 366-8900. Use our People Tracker to keep up to date with the activities for any of the above executives and celebrities or some 120,000 others.
Game Over? Not Yet - 1/8/03 12:00:00 PM ET Sony is leading in the videogame console race, but Microsoft isn't giving up so easily. Alcoa Sounds A Sour Note - 1/8/03 11:55:00 AM ET The aluminum maker cites weak demand in posting a fourth-quarter earnings shortfall. Ottawa Senators Financing On Thin Ice - 1/8/03 1:45:03 PM ET The NHL team, which may file for bankruptcy, is low on our ranking of the most valuable franchises. Layoff Tracker Update: Jan. 8, 2003 - 1/8/03 5:00:00 PM ET Aluminum behemoth Alcoa lays off 8,000, or 6% of its workforce. IBM, AMD In Microprocessor Deal - 1/8/03 3:34:43 PM ET Aiming squarely for Intel, they hope to market high-performance units within two years.
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Market data provided by Reuters. Disclaimer Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. U.S. indexes are delayed at least 15 minutes with the exception of S&P; 500 which is real-time. Forbes 40 Index powered by Telemet. News may include latest headlines from Reuters. |
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