The News Review:
- betinternet.com Joins Income Access at CAP Euro ffering …
- Microsoft: Zune revenue dropped by 54 percent
- Texas Instruments reduces workforce by 12 percent
- Piltel-Smart new revenue-sharing deal good for 2 years
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PR Web (press release) WA
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Microsoft: Zune revenue dropped by 54 percent
NetworkWorld.com MA
The overall revenue increase for the division was driven by sales of the Xbox 360 gaming platform. Although the Xbox system was reduced in price over the last year Microsoft made it up in volume selling 6 million consoles. For the second quarter a year prior Microsoft said it sold 4. 3 million consoles. The IDG News Service is a Network World affiliate.
Related from Sales-monster: Microsoft’s Zune: $100 Million Sales Drop Plus Layoffs Equals …
Texas Instruments reduces workforce by 12 percent
NetworkWorld.com MA
The company reported net income of US$107 million compared to $753 million in the fourth quarter of 2007. The company also reported revenue of $2. 49 billion a 30 percent fall year-over-year. The company took charges of $254 million that included the job cuts and charges related to restructuring its wireless business announced in ctober. Factoring in restructuring of the wireless business the staff cuts should yield annualized savings of about $700 million according to the company. Related Content The corrective action will reduce the company’s costs as the global economy continues to weaken said Rich Templeton TI chairman president and CE in a statement. Most of the staff reduction will come from internal support functions and “non-core” product lines Templeton said.
Piltel-Smart new revenue-sharing deal good for 2 years
ABS CBN News Philippines
(Piltel) said Tuesday its revised revenue-sharing agreement with affiliate Smart Communications Inc. which would allow the latter to recover costs substantially would be implemented for two years. Piltel the country’s third-largest mobile phone operator told the Philippine Stock Exchange that its board has affirmed the new 70-30 revenue-sharing ratio in favor of the company effective January 1 this year until December 31 2010. Prior to the amendment the ratio was at 80-20 also in favor of Piltel. The review of the revenue agreement was undertaken after Smart requested for a larger share citing an unfavorable change in market conditions.