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Cisco To Cut Thousands Of Jobs
Word the street is that router giant Cisco is about to cut 14 percent of it’s worldwide workforce which is thought to be around ten thousand people.
The reports are saying that seven thousand people will be given pink slips by the end of August; and the other three thousand unfortunate souls will take an early retirement option.
It seems as though many companies go this route when the executive team does not adjust to the changing technology market; they try to boost profits in the short-term by firing those who have worked so hard for the company. That said, the massive cuts are expected to save Cisco about $1 billion in 2012. A company spokesperson told Bloomberg that additional cost cutting procedures will also be instituted.
Is Twitter Finally Getting A Competitor?
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Twitter your days alone at the top of the micro-blogging mountain may soon be ending. UberMedia, which owns major third-party mobile applications for the Twitter platform, is said to be building a service that will compete directly against Twitter. If it’s true, the move would come on the heels of Twitter briefly suspending the company’s apps for alleged use policy violations.
Citing unnamed sources, CNN.com reported today that UberMedia is looking to attract users to its own microblogging service by addressing common complaints about Twitter, such as its rules on message lengths as well as how the service can be confusing to new users.
UberMedia declined to comment on whether its programmers are building a new microblogging service. However, in an emailed statement to Computerworld, company marketing chief Steve Chadima said, “Our foremost desire is to continue to innovate on the Twitter platform and bring more users and usage to Twitter.”
UberMedia owns UberTwitter, which is for the BlackBerry platform; Twidroyd, for Android devices; and UberCurrent, which can be used on iPhones and iPads. The company also has been in the news in recent months because it’s moving to acquire popular Twitter client TweetDeck.
TweetDeck competes directly with Twitter’s Web and mobile clients.
Ezra Gottheil, an analyst with Technology Business Research, said he wouldn’t be surprised if UberMedia were to go after some of Twitter’s business, but the company would have an uphill climb.
HTC Profits Rise, Lead By Android Popularity
April 10, 2011 by admin
Filed under Around The Net, Smartphones
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Taiwan smartphone maker HTC Corp said first-quarter profit almost tripled, beating forecasts, driven by strong demand for its mobile devices, especially those running on Google’s Android operating system.
The company, which has just overtaken industry giant Nokia in terms of market capitalization, said on Friday that first-quarter net profit was $511 million.
“That its first quarter would be above expectations was well foreseen, Q1 seasonality was better than expected,” said Bonnie Chang, an analyst at Yuanta Securities in Hong Kong.
“For the second quarter everyone is expecting revenue sequential growth in the high teens to 20 percent, shipments will be strong and average selling prices are holding up pretty well.”
Growing demand for phones running on Google’s Android platform will help the smartphone market grow in 2011, boosting companies such as HTC and Samsung Electronics who are betting on the platform.
The smartphone market is likely to grow 58 percent this year and 35 percent the next, according to research firm Gartner.