je.st
news
Tag: major
Marvell announces major restructuring of mobile business
2015-09-25 09:35:00| Telecompaper Headlines
(Telecompaper) Marvell Technology announced plans for a significant restructuring of its mobile platform business in order to focus on more profitable products and opportunities. Going forward, the company will focus on wireless connectivity products, including Wi-Fi and other wireless standards needed to support its strategies in existing markets as well as expanding into emerging opportunities in the IoT and automotive segments. The restructuring plan will see the company cut 17 percent of the workforce associated with mobile and reduce annual operating costs by a total USD 170-220 million. The mobile platform business is currently expected to reach a gross profit of USD 13 million on revenues of USD 122 million in the first half of fiscal 2016. The restructuring will begin immediately and the company expects the major activities will take place through the end of fiscal 2016. The cost of the restructuring is estimated at USD 100-130 million, including USD 45-55 million in costs for the lay-offs in the second half of the fiscal year. Other major components include facilities and asset impairment charges of USD 30-40 million and an inventory writedown of USD 25-35 million. The company said it will discuss the restructuring of the mobile platform business in more detail during its next quarterly earnings conference call, the date of which is yet to be determined.
Tags: business
major
mobile
announces
PFSweb major shareholder G2 Investment Partners Managem Sells 56,883 Shares
2015-09-25 04:11:56| Logistics - Topix.net
PFSweb major shareholder G2 Investment Partners Managem sold 56,883 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $13.46, for a total value of $765,645.18.
Tags: major
partners
investment
shares
News Release: City Leaders and bike share executives celebrate major Portland bicycle milestones
2015-09-24 20:52:51| PortlandOnline
The XV Pacific Games, Major South Pacific Sports Event, Choose Telairity Encoding for 2015 Broadcast
2015-09-24 12:31:12| Industrial Newsroom - All News for Today
Multinational games, with athletes from 24 island nations, will be held in Papua New Guinea on July 4-18, 2015 PORT MORESBY, PAPUA NEW GUINEA The XV Pacific Games, a multinational multi-sports event involving 22 South Pacific sovereign island nations scheduled for July 4 through 18, 2015, has selected Telairity...
Tags: games
sports
south
major
AkzoNobel Supporting Major Architecture Exhibition in China
2015-09-24 07:00:00| Coatings World Breaking News
Tags: china
major
architecture
supporting
Sites : [188] [189] [190] [191] [192] [193] [194] [195] [196] [197] [198] [199] [200] [201] [202] [203] [204] [205] [206] [207] next »