More Bad News for Nokia

{complink 3847|Nokia Corp.} is getting kicked while it's down. The latest blow from corporate ratings firm {complink 7155|Moody's Investors Service} deepens investor concerns about the company and may force it to begin considering strategic alliances to boost its cash position and shore up critical operations. Moody's on Friday slashed Nokia's debt rating to “junk” status…

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Will Infineon Be Forced to Pay Qimonda $4.2B?

The 2006 spinoff of Qimonda AG was meant to improve profitability and lessen capital expenditure requirements for {complink 2565|Infineon Technologies AG} but is turning into a nightmare for the German company. In a press release today, Infineon said Qimonda's insolvency administrator wants it to pay €3.35 billion ($4.2 billion) plus interest to settle outstanding litigation…

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China RoHS, US EPA Regulations Move Forward

Two environmental mandates that have a significant impact on the electronics industry advanced forward this week. In China, the Ministry of Industry and Information Technology (MIIT) published the latest proposals on the so-called “China RoHS” rule. Similar to the EU's Restriction on Hazardous Substances, China RoHS regulates the use and disposal of certain hazardous materials…

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The Stupid Futility of Cost Cutting

Why is it that the first instrument many executives reach out for when sales start slowing down is the scalpel? They cut long-term employees, critical operational workers, shutter production facilities, tamp down on capital expenditure, reduce R&D to some arbitrary percentage of the dwindling sales, and stomp on other product innovation programs. They sell so-called…

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Triple Whammy in the PC Arena

They say bad news comes in threes, and it certainly has for the PC industry. First, {complink 2376|Hewlett-Packard Co.} announced last month that it was slashing its workforce by almost 30,000. (See: Counterculture: Slash & Burn May Not Save HP.) Then yesterday, Dell Inc. announced it plans to cut $2 billion in expenses over three…

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Why Manufacturing Matters

When EE Times' Junko Yoshida recently reported that Japanese consumer electronics companies will be scaling back their production of TV sets, shipping most or all of the manufacturing work offshore, I found myself waxing nostalgic. I harkened back to my college days in Beloit, Wis. To stay in school, I was working three part-time jobs.…

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Nokia to Cut 10,000 Jobs, Divest Assets

{complink 3847|Nokia Corp.} has replaced three senior executives, including the head of its mobile phone division. And it plans to reduce payroll by up to 10,000 as it struggles to restore profitability and improve its competitive position against companies like {complink 379|Apple Inc.} and {complink 4751|Samsung Electronics Co. Ltd.}. In a press release today, Nokia…

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