|Lowell McAdam, left, Verizon President and COO, and Tim Cook, COO of Apple, announce that Verizon Wireless will carry Apple's iPhone.|
AMD ( AMD) hit the headlines late on Monday with the unexpected resignation of CEO Dirk Meyer. The company, which is playing catch-up to chipmaker Intel ( INTC), said Meyer had resigned by "mutual agreement" with the board. Current AMD CFO Thomas Seifert was named interim CEO while the firm searches for Meyer's successor. Shares of AMD closed down 0.73% at $8.20 on Friday.
The dust had barely settled on the Verizon iPhone announcement when, just two days later, Apple released a new version of its operating system to developers. The platform, iOS 4.3, has several new features including the ability to turn the iPhone into a mobile hotspot, new camera effects and multitouch gestures for the iPad.