Oracle's chief executive Larry Ellison recently said his company would like to make some acquistions in the technology sector, adding that a microchip company would look mighty fine in Oracle's portfolio. Could AMD be a target? Would the world's No. 2 chip maker even be open to buyout? The answer to both questions is 'maybe.'

"AMD is not for sale, but we are happy to listen to any proposal which is in the interest to our shareholders," chief executive Dirk Meyer said during an industry conference in Barcelona this week.

Shares of AMD haven't exactly been scintillating as of late, but the chip maker hopes to turn that around with the introduction of its Fusion chips, which integrate graphics onto the CPU. The company is also facing increased competition from ARM, though Meyer said he doesn't really view ARM as a threat to its bottom line.

AMD's struggles have been well documented ever since forfeiting the performance crown to Intel, but perhaps all the company needed was a swift kick in the rump. That appears to be what the company's getting with newly inaugurated Dirk Meyer at the helm serving as AMD's CEO, who had no qualms announcing that his company has initiated a pilot production of microprocessors using a 45nm fabrication processor. That puts the Santa Clara chip maker on track to deliver shipping products in volume in early fourth quarter.

"We are well on track with the 45nm plan as we have been telling this group about in the past. We have actually started production late last quarter and are on track to start buying shipments early in Q4," said Dirk Meyer during the conference call.

That has to be good news to nervous investors, who earlier this month saw their stock fall by as much as 7 percent following news that AMD would take a near billion dollar charge in the second quarter. And while Hector Ruiz's subsequent departure just days later might have signaled to some that the end was near, Meyer's confidence in AMD's ability to stay on schedule with its 45nm plans has to be appreciated by anyone pulling for the Intel competitor (which should be everyone). Before the announcement, analysts were expecting 45nm shipments to start in late Q4, and nobody seems to know what exactly AMD has planned as part of its refocusing strategy. A compelling alternative to Nehalem, perhaps? Let's hope so.