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Dell Said to Hire Former AMD CEO Rory Read as COO

Dell Inc. is hiring former Advanced Micro Devices Inc. Chief Executive Officer Rory Read as the personal-computer maker’s chief operating officer and president of global commercial sales, a person with knowledge of the matter said.

Read, 53, left chipmaker AMD in October and was replaced by his COO, Lisa Su. While Read cut costs and improved AMD’s fiscal position, the company lost market share to Intel Corp., the world’s No. 1 chipmaker.