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San Diego-based Qualcomm confirmed Tuesday evening that it is considering shutting down its FLO TV, mobile television service, after reports that the firm is planning to shut off the service. Qualcomm said it is suspending direct consumer sales of devices, and will continue maintaining the service until Spring 2011. READ MORE>>.
The message came after a report that BeachMint was returning $20M to its investors and had ousted its founders. BeachMint said that the firm has grown 40% year over year, in both sales and subscribers. BeachMint said that the firm has grown 40% year over year, in both sales and subscribers. READ MORE>>.
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Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million.
Newport Beach-based Conexant reported Monday afternoon that it has completed the sale of the firm's Broadband Access product lines to Ikanos. Tags: ikanos acquisitoin merger employment jobs layoff conexant. The deal was worth $54M. Conexant had said it would sell the unit in April. READ MORE>>.
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According to reports, Fisker has laid off 26 employees in Delaware, and 45 in California, after failing to meet DOE deadlines for its production goals. Fisker has been scaling back sales projections for its Karma luxury sports car, after a series of recalls and other issues in getting the car to market. Department of Energy.
Specific Media would not confirm the exact extent of its cuts, but reports say the cuts were less than 8 percent of the firm. In a statement, the company said it has identified "sales and operating synergies that exist between itself and Myspace" and is "consolidating forces" to align the workforce with the direction it is headed.
Agoura Hills-based video game maker THQ said late Wednesday that it is cutting 250 employees, or 17% of its staff, after reporting disappointing results. THQ blamed lower-than-anticipated international sales of WALL-E, and higher than expected sales returns and allowances. READ MORE>>
Seasonal sales fluctuations eat cash. Fluctuating sales means more inventory is required to cover the ups and downs. If you try to vary the number of employees to match, that costs even more cash for hiring, firing, and layoffs. Sales volumes are still ramping up while marketing expenses are at max.
Seasonal sales fluctuations eat cash. Fluctuating sales means more inventory is required to cover the ups and downs. If you try to vary the number of employees to match, that costs even more cash for hiring, firing, and layoffs. Sales volumes are still ramping up while marketing expenses are at max.
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But as Xconomy reported, details about the reorganization were scant, leaving open questions whether drug regulation actually needs to move faster. —Buzzfeed ran a lengthy report Wednesday on the sexual harassment charges against University of Washington vaccine researcher Michael Katze.
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