The Lead
9:03 am
Tue October 16, 2012

The Lead: Aerial Surveillance, Cyber Warfare, Cuts Coming at AMD?

Good morning. Austin can expect cloud coverage for most of the day, and the occasional shower. The National Weather Service says we can a 40 percent chance of rain today. Here's some of KUT’s top stories this morning:

Here's  more stories of interest from Central Texas: 

  • Cyber Warfare Here To Stay; Austin Could Play Key Role (KVUE)

"It's a spy versus spy kind of world," said Ken Phillips, business development manager at Overwatch Textron Systems. The Austin-based business is developing the latest line of defense against cyber threats, which focuses on security at the file level in order to overcome internal leaks or systems that have been compromised.

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12:18 pm
Fri November 4, 2011

Chip Maker AMD Undergoing Big Restructuring

Photo courtesy of Advanced Micro Devices.

Computer chip maker Advanced Micro Devices announced major changes in its product management, to keep up with the way people are using technology. The Sunnyvale, California-headquartered company is cutting 1,400 jobs nationwide, including 320 jobs in Austin.

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News Brief
5:12 am
Fri November 4, 2011

Top Morning Stories 11/4/11: Sentencing in Investment Fraud Case, AMD Cutting Jobs

Photo by KUT News.

Sentencing Set in High Profile Investment Scheme Case

The Associated Press reports sentencing is set for today for the former CEO of an Austin-based investment firm that used former NFL stars to defraud hundreds of investors. People lost more than $50 million in investments they thought were legitimate.

Kurt Branham Barton, founder of Triton Financial, was convicted on 39 counts, including wire fraud and money laundering. The AP reports the charges could carry up to life in prison:

Prosecutors said Barton wanted to hang out with NFL players and used money that investors thought was for real estate deals and short-term business loans to pay for a luxury box at University of Texas football games, a $150,000 car and family trips on private jets. None of the athletes, including some who lost millions, was accused of wrongdoing.


AMD Cutting Global Workforce by About 10 Percent

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4:31 pm
Mon January 10, 2011

AMD CEO Dirk Meyer Leaves

AMD chief executive Dirk Meyer is leaving the company, which employes more than 2,400 people in Austin.
Image courtesy dfarber

Advanced Micro Devices, a California-based chip maker with substantial operations in Austin, is losing  CEO Dirk Meyer.

In an official statement posted on the AMD blog, it sounds like the board thought they could get someone better to run the company.

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