Kooday Forum

Kooday is quickly becoming the talk of the Internet marketing community. Come share strategies, trade keywords and learn new ideas!
 
HomeHome  CalendarCalendar  FAQFAQ  SearchSearch  MemberlistMemberlist  UsergroupsUsergroups  RegisterRegister  Log in  

Share | 
 

 Motorola Mobility Cuts 800 Jobs, Sees $31 Million in Costs

View previous topic View next topic Go down 
AuthorMessage
Swinderman



Posts : 1
Join date : 2010-10-13

PostSubject: Motorola Mobility Cuts 800 Jobs, Sees $31 Million in Costs    Sat Oct 29, 2011 5:02 am

Oct. 28 (Bloomberg) -- Motorola Mobility Holdings Inc., the mobile-phone maker that agreed to be bought by Google Inc., expects to incur $31 million in costs as it cuts 800 jobs, according to a regulatory filing.

The pretax costs include $27 cheap jerseys nflmillion in severance and $4 million for closing facilities and will be recorded this quarter, Libertyville, Illinois-based Motorola Mobility said yesterday in a regulatory filing with the U.S. Securities and Exchange Commission. The moves were approved Oct. 24, the company said.

Motorola Mobility is reining in costs as it prepares to complete its acquisition by Mountain View, California-based Google Inc. The $12.5 billion deal was announced Aug. 15.
cheap jerseys
“Motorola Mobility continues to focus on improving its finhl jerseys cheapnancial performance by taking actions to manage the company's costs,” Jennifer Weyrauch-Erickson, a spokeswoman for Motorola Mobility, said in a statement. She said the efforts are unrelcheap mlb jerseysated to the proposed acquisition.

On Oct. 27, Motorola Mobility announced financial results that beat analyst estimates as sales climbed 11 percent to $3.26 billion. The company is still losing money, though its loss narrowed to $32 million, or 11 cents a share, from a loss of $34 cheap jerseysmillion a year earlier.

Google is buying Motorola Mobility to gain access to mobile patents and move into the hardware business. Chief Executive Officer Larry Page said the company would use Motorola Mobility's more than 17,000 patents to protect Android supporters in licensing and legal disputes with rivals such as Apple Inc. and Microsoft Corp.

Motorola Mobility shareholders will vote on the acquisition Nov. 17.http://just2you.pops.tv/t2-topic
Back to top Go down
View user profile
 
Motorola Mobility Cuts 800 Jobs, Sees $31 Million in Costs
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Riots: Cameron Finally Cuts His Holiday Short
» Arlington Million XXIX Photo Contest *usa only*
» Steve Jobs died
» Jobs for Migraineurs---Ebay?
» JOBS IN NEW YORK & TORONTO THAT PAY $25 to $150 AN HOUR 2015

Permissions in this forum:You cannot reply to topics in this forum
Kooday Forum :: Kooday General Discussion :: Kooday Forum Hoopla-
Jump to: