Central Texas Business Digest: AMD hires CIO from Hewlett-Packard; EZCorp ...
RENTAL OF DIRECTORS
Advanced Micro Devices Selects Wolfe as Chief Information Officer
Advanced Micro Devices Inc. has hired industry veteran Mike Wolfe, 52, his news director.
Wolfe was most recently vice president of information technology for product development and engineering at Hewlett-Packard Co.
He previously worked for Motorola and Freescale Semiconductor Inc..
Wolfe, who is based in Austin, is responsible for managing AMD's global technology infrastructure.
AMD headquarters are in Sunnyvale, California, but most of its senior executives work in Austin, where the company has an engineering and design center.
PAYDAY LOANS
EZCorp wants more Cash Converters shares, announces alliance with firm
Austin-based EZCorp Inc. is seeking to acquire a bigger stake in Cash Converters International Ltd., which owns or franchises 600 pawnshops in 21 countries.
The Australian company also offers payday loans, which is one of EZCorp's businesses.
EZCorp said it also had entered into an alliance with Cash Converters to develop a range of "innovative financial products" using the Cash Converters brand.
EZCorp is proposing to buy 69.9 million shares of Cash Converters for $69.5 million.
Combined with shares it already owns, EZCorp would own 53 percent of Cash Converters.
EZCorp operates pawnshops and payday lending stores in the U.S., Canada and Mexico.
COMMUNICATIONS
Grande letting customers call free to Japan during March 11-31
Grande Communications Inc. said it will provide free calls to Japan for its customers in the Austin, San Marcos and San Antonio markets.
The San Marcos-based company is waiving fees for it customers who make calls from residential or business lines through March 31. The offer is retroactive to March 11.
Charges automatically will be waived on monthly phone bills, but there will be charges for calls to Japan using an operator or directory assistance.
"Offering free phone calls is the least we can do to support customers whose family, friends or business colleagues in Japan may have been affected by this tragedy," said Hutch Bass, general manager for Grande Communications.
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