Tuesday - January 6, 2009
Logitech is retreating from its fiscal 2009 forecast and preparing to trim about 15 percent of its global workforce in preparation for what is looking to be a grim retail year. The Switzerland-based company employs 9,000 workers and manufactures mice, webcams and other computer peripherals. Demand for such devices has taken a nosedive as both companies and consumers have retrenched on nondiscretionary spending. In December, the retail environment significantly deteriorated, and the company is expecting it to worsen even further in the coming months.
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Tuesday - January 6, 2009
An American's first impressions of India often include images of alternate approaches to trash management, intermittent electrical power supplies and issues of environmental sustainability. In this interview with Trudy Heller, those approaches are seen from the perspective of Heller's work designing products for environmental sustainability and providing training to executives in environmental management.
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Tuesday - January 6, 2009
As the economy is forcing companies to cut costs -- or at least scaring them into doing so -- one important aspect of business is being left behind in the panic: customer service. For the past few decades it has taken a backseat because of budget cuts, outsourcing, and the loss of talented staff. As companies go down to the bare minimums this coming year, sadly this trend might continue.
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Tuesday - January 6, 2009
Qualcomm Chief Executive Paul Jacobs generally has the latest and greatest cell phones. But he's never owned the uber-trendy Apple iPhone. "Not until they put a Qualcomm chip in it," Jacobs said in a September interview. It could soon be time for Jacobs' first Apple phone. The company is widely rumored to be planning an iPhone nano, a smaller touchscreen version of its popular phone.
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Tuesday - January 6, 2009
If history were a reliable guide, a job hunter would stay as far away from the telecom field as possible. Ten years ago, telecoms could not hire enough people to keep up with the demand. The industry was investing millions, if not billions, in telephony and Internet infrastructure. Then the dot-com bubble burst, and many telecom staffers went on the dole for a year or more.
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Monday - January 5, 2009
The year-long U.S. recession has started to take its toll on the telecomm sector. AT&T and Verizon shares were hit hard Monday after being downgraded by Bernstein Research. The firm downgraded Verizon from market perform to underperform and AT&T from outperform to market perform. Verizon stock was down 7.16 percent to $32.15 per share and AT&T stock was down 4.35 percent to $28.15 in late-day trading on Monday.
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Monday - January 5, 2009
After several months of macabre speculation in the tech industry and on Wall Street, Apple CEO Steve Jobs has set the record straight. Yes, the cancer survivor has been losing weight. The reason is a hormone imbalance for which he is now receiving treatment. Jobs made the announcement via a letter that was posted to the Apple Web site.
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Friday - January 2, 2009
The global financial marketplace has recently become quite volatile, as fears of an American recession affect economies all over the world. Such fears can be especially dangerous for businesses. In times like these, many top managers panic and make unwise decisions such as firing quality employees and slashing important programs.
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Wednesday - December 31, 2008
Dell, the No. 2 PC maker in the U.S., has fired two top executives as part of a major restructuring designed to help close the gap with its largest competitor, HP. Chief Marketing Officer Mark Jarvis has stepped down; President of Global Operations Mike Cannon will retire, effective Jan. 31. Cannon will be replaced by Jeff Clarke, currently head of Dell's business client product group.
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Tuesday - December 30, 2008
Advanced Micro Devices said Monday that it cut 600 jobs in the third quarter -- 100 more than it indicated in the guidance provided to Wall Street early last fall, according to a filing with the Securities and Exchange Commission. The 100 extra job cuts resulted in $70 million in restructuring costs, rather than the $50 million the struggling chip company said it would take when the cuts were first announced.
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Tuesday - December 30, 2008
Taiwan's economics ministry said on Tuesday it asked DRAM chipmaker Powerchip to resubmit plans for a company turnaround as the government tries to engineer a rescue for the struggling sector. Powerchip, along with other major DRAM makers in Taiwan, recently submitted plans for turning around its operations, after posting massive losses in recent quarters amid the sector's worst ever downturn.
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