Rants And Ramblings About Mobile Technology
Anders Borg writing about the fun and crazy world of mobile and Internet service technologies.
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Friday, January 19, 2007
Motorola, it's been better
It's tough being one of the biggest players in the market. Also Nokia has been hit by less than good results. In part because the major phone providers must play in the ultra low-cost market, and that causes a margin drain that "underdog" players like Sony Ericsson doesn't have to deal with, at least yet.
Motorola profits moderate sharply, announces job cuts reports that profits nearly halved and they'll sack around 3500 people.
Quote: Despite the profit slowdown, Zander stressed that quarterly sales rocketed by 17 percent to a record 11.8 billion dollars.
Quote: The firm estimated it had a 23 percent share of the global cellphone market, behind Finland's Nokia.
Quote: Zander said Motorola hoped to save around 400 million dollars over two years following the job cuts.
400M / 3500 / 2 = $570k per employee per year !?!? What did I do wrong? Will many more be sacked?
Motorola profits moderate sharply, announces job cuts reports that profits nearly halved and they'll sack around 3500 people.
Quote: Despite the profit slowdown, Zander stressed that quarterly sales rocketed by 17 percent to a record 11.8 billion dollars.
Quote: The firm estimated it had a 23 percent share of the global cellphone market, behind Finland's Nokia.
Quote: Zander said Motorola hoped to save around 400 million dollars over two years following the job cuts.
400M / 3500 / 2 = $570k per employee per year !?!? What did I do wrong? Will many more be sacked?
