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Yahoo confirms restructuring plans after Q4 loss
2016-02-03 08:35:00| Telecompaper Headlines
(Telecompaper) Yahoo! announced plans to narrow its focus and work to improve its revenues and profitability, after reporting a net loss for the last quarter of 2015. In 2016, the company will prioritize growing engagement with its user base and simplify its product portfolio to emphasize those products that distinguish the company competitively and drive the most substantial portion of users and revenue. Yahoo will continue to invest in its Mavens strategy (mobile, video, native and social) to grow sales from these areas to USD 1.8 billion this year from USD 1.6 billion in 2016. On the cost side, the company targets reductions in operating expenses of over USD 400 million by the end of 2016. This will include cutting its workforce by roughly 15 percent and closing offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan. The impact on revenue from the product simiplification and office closures is expected to be limited to USD 100 million, while the cost cuts are expected to push EBITDA to an annual run rate of USD 1 billion by the second half of 2016, compared to USD 952 million in 2015. Yahoo! will also look at selling non-strategic assets, which could generate over USD 1 billion in cash, the company said.
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The CEO of a mall chain says Amazon plans to open hundreds of...
2016-02-03 06:35:03| Real Estate - Topix.net
Amazon plans to open hundreds of bookstores around the country, the CEO of mall operator General Growth Properties said on the company's earnings call according to The Wall Street Journal's Greg Bensinger. This move would be follow the ecommerce company's decision to open its first brick-and-mortar store in Seattle last November.
How Sigfox plans to spread its low-power IoT network across the U.S.
2016-02-03 02:25:25| Wireless - Topix.net
Sigfox, a French networking company whose technology is already supporting large Internet of Things deployments in several countries in Europe, has its sights set on the U.S. market. The company hasn't been shy about its plans for U.S. expansion in 2016.
Yahoo cuts 1,650 jobs, plans asset sales
2016-02-03 01:00:00| Total Telecom industry news
Internet company announces another new turnaround plan as Q4 results show hefty net loss on multi-billion-dollar writedowns.
02.04.16 -- Google Plans To Deliver Super-Fast 5G Internet From Solar-Powered Drones
2016-02-03 00:51:57| wirelessdesignonline News Articles
02/04/16 Wireless Design Online Newsletter
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