BenQ Siemens Probably Pulling Out of Europe
Sep 28, 2006, 4:47 PM by (staff)
After three straight quarters of losses, BenQ has said it will not put any more money into its failing German operations. The company has not announced how its two remaining facilities in Germany will be affected, except to say that it may file for bankruptcy protection. The company is also considering ceasing its Brazilian operations, leaving just its Asian sales as the last remaining foothold in the handset market. In May, BenQ announced it was selling off Siemens' Danish facilities to Motorola in an attempt to reduce bloat and cut costs.
Pantech Files for Bankruptcy In the US
Pantech's U.S. operations filed for Chapter 15 bankruptcy today, following similar legal moves in the company's home market of Korea.
Straight Path to Pay FCC $100M for Squatting On 5G Spectrum
The FCC has fined Straight Path Communications $100 million for failing to deploy wireless service in accordance with spectrum license requirements. Straight Path is sitting on approximately 1,000 licenses for spectrum in the 39 GHz band, which will eventually be used for 5G.
Verizon to Shutter Some Offices, Eliminate Jobs
Verizon has informed employees that it plans to reduce the number of regional offices around the country and correspondingly reduce headcount. The company has 20 regional locations, which it plans to pare down to just six.
Qualcomm to Cut 1,300 Jobs in San Diego
Qualcomm on Thursday sent termination notices to about 1,300 workers at its San Diego headquarters. The company gave affected workers 60-days notice, listing Nov.
Wireless Buddy said:
Did they delete the other posts?
good riddance. i haven't seen humor that lame since 6th grade.
Death of Siemens?