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Tuesday, February 26, 2013

Former Square executive Rabois to join Khosla Ventures, (NYSE: AMD)

Keith Rabois, the executive whose sudden exit from mobile payments company Square became the talk of Silicon Valley, will join Khosla Ventures in March, the firm said on Tuesday.Speculation has swirled around where Rabois would ultimately land. He left Square last month, citing legal threats from a young colleague with whom he had maintained a two-year relationship. He had served as Square's chief operating officer since 2010."We are thrilled to have Keith join us as he has shown himself to be a great investor, but even more importantly he's a true adviser," founding partner Vinod Khosla said in a statement.Khosla Ventures, founded in 2004, is known for backing clean-technology and Internet companies. Its portfolio includes microserver company SeaMicro, acquired by chip designer Advanced Micro Devices Inc last year for $334 million, and business social-networking service Yammer, acquired by Microsoft last year for $1.2 billion.

Advanced Micro Devices, Inc. (AMD) is a global semiconductor company with facilities globally. Shares of AMD fell by 2.96% or $-0.075/share to $2.46. In the past year, the shares have traded as low as $1.81 and as high as $8.35. On average, 24577700 shares of AMD exchange hands on a given day and today's volume is recorded at 11420413.