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Cree CEO: LED restructuring charges contributed to losses
2015-08-12 00:45:32| Semiconductors - Topix.net
Cree CEO Chuck Swoboda admits his company failed in its goal to grow company revenue, but blames, in part, charges stemming from a restructuring plan aimed at cutting overhead costs. Swoboda was speaking to investors late Tuesday, an hour after the Durham LED maker announced a fiscal fourth-quarter loss of $88 million.
Cree CEO: LED restructuring charges contributed to losses
2015-08-12 00:39:38| Electronics - Topix.net
Cree CEO Chuck Swoboda admits his company failed in its goal to grow company revenue, but blames, in part, charges stemming from a restructuring plan aimed at cutting overhead costs. Swoboda was speaking to investors late Tuesday, an hour after the Durham LED maker announced a fiscal fourth-quarter loss of $88 million.
Google shares up 5% on restructuring
2015-08-11 17:44:31| BBC News | Business | UK Edition
Google shares rise by about 5% on Wall Street after investors welcome news of its restructuring.
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G is for Google, R is for restructuring
2015-08-11 02:00:00| Total Telecom industry news
C is for CEO as Larry Page hands reins to Sundar Pichai in a bid to make sense of Google's alphabet soup of operations.
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Colt posts H1 loss on restructuring charges
2015-07-31 09:20:00| Telecompaper Headlines
(Telecompaper) Colt reported first-half revenue up 2.6 percent year-on-year to EUR 790.8 million. Excluding currency effects, revenue declined 1.3 percent as the acquisition of KVH was more than offset by the company's exit from low-margin carrier voice trading contracts. EBITDA of EUR 156.4 million was up 7.6 percent, thanks to the takeover in Asia and the restructuring programme in 2014. At constant currency rates, EBITDA grew 6.7 percent. Colt recorded a pretax loss of EUR 13.0 million versus a profit of EUR 13.6 million a year ago due to EUR 128.4 million in one-time costs, including an impairment charge of EUR 87.1 million for exiting the IT Services business, restructuring of EUR 32.2 million and EUR 9.1 million for vesting options after Fidelity's buy-out offer for the company. Free cash outflow narrowed to EUR 7.3 million from EUR 29.1 million in the year-earlier period, thanks to improved EBITDA and working capital, and reductions in capital expenditure. Colt said its shareholders will vote on the Fidelity offer 11 August.
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