Motorola Continues Circling the Bowl, in One Final Flush
No wonder Moto is in dire straits.
The cell phone wrangler has laid off about 7,000 workers since late October, slashing payrolls by a full 25%. A sales decline that started way before last year’s banking crisis plus high fixed costs add up to incredible shrinking margins (in the sideshow tent, right next to the Bearded Lady!), hit-and-miss earnings, and cash flows running near the breakeven point.
Link: The Motley Fool
This entry was posted on Monday, February 2nd, 2009 at 10:14 pm and is filed under Mobile, Tech News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.







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Benny
March 3rd, 2009