<div id="subtitle">Advanced Micro Devices board member will not stand for re-election</div><div><p>Chip maker Advanced Micro Devices Inc. said Friday that one of its board members will not stand for re-election at its next shareholders meeting.</p><p>Frank Clegg, chairman of Navantis Inc. and a former president of Microsoft Canada, has been on AMD's board since May 2007.</p><p>Calls to AMD and Navantis, based in Toronto, were not immediately returned.</p><p>Earlier this month, AMD posted its first quarterly profit in three years, largely because of a $1.25 billion legal settlement with a competitor.</p><p>Shares of AMD, based in Sunnyvale, Calif., tumbled 55 cents, or 7 percent, to $7.33.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68054237&bid=informcom" /></div><div id="copyright"><div>

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