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Tag: cuts
Superconductor Technologies drastically cuts workforce
2015-03-12 20:55:27| Electronics - Topix.net
The Austin-based company, which reported employing 45 workers at the end of 2014, trimmed 15 employees from its roster in February, according to a Thursday filing with the U.S. Securities and Exchange Commission . "In February 2015, we undertook steps to reduce our ongoing operating costs and reduced our number of employees to 30," Superconductor Technologies reported in the filing.
Tags: technologies
cuts
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drastically
Intel cuts first-quarter revenue forecast by nearly $1 billion
2015-03-12 15:30:28| Agriculture - Topix.net
Intel Corp slashed its revenue forecast for the first quarter by nearly $1 billion, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain. Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million.
Tags: revenue
intel
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cuts
Intel cuts Q1 revenue outlook on weak PC market
2015-03-12 15:10:00| Telecompaper Headlines
(Telecompaper) Intel has cut its outlook for revenues in the first quarter, citing a weak business market for desktop PCs and supply chain shortages in the PC industry. The world's largest chipmaker now expects revenue of USD 12.8 billion for Q1, plus or minus USD 300 million, compared to the previous forecast of USD 13.7 billion, plus or minus USD 500 million. Intel said the weaker market may be due to slower Windows XP replacements in the small business market than previously expected, as well as the "increasingly challenging macroeconomic and currency conditions, particularly in Europe". The company noted that its data centre business is meeting expectations. Intel maintained its outlook for a gross margin of around 60 percent, as the lower PC volumes were offset by higher average selling prices. It will update its longer-term guidance when it reports quarterly results 14 April.
Tags: market
revenue
intel
weak
Transat aims for $100 million in cost cuts, margin growth over next three years
2015-03-12 15:05:58| Real Estate - Topix.net
Transat AT Inc. says it's aiming for $100 million of cost savings and margin improvements over the next three year, including $45 million in 2015. Among other things, the Montreal-based travel company and owner of Air Transat will increase seating density of three Airbus A330 wide-body jets, which will be dedicated to the London and Paris routes.
Tags: years
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Hugo Boss cuts 2015 sales outlook
2015-03-12 13:46:00| Daily apparel & textile news and comment - from just-style.com
German fashion house Hugo Boss has lowered its sales outlook for fiscal 2015, blaming a deterioration in market conditions, particularly Europe.
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