Posted on 06/27/2002 4:56:08 AM PDT by GeneD
Edited on 07/19/2004 2:10:05 PM PDT by Jim Robinson. [history]
Schaumburg, Illinois, June 27 (Bloomberg) -- Motorola Inc. plans to reduce its workforce by about 7,000 more jobs worldwide.
Including the job cuts, Motorola expects to record $3.5 billion in restructuring charges, the company said in a statement.
Motorola said it ``paid a significant escrow deposit'' for Iridium-related litigation and other measures that is estimated to be more than $500 million. The company expects a ``slightly positive operating cash flow'' in the second quarter. It wasn't more specific.
(Excerpt) Read more at quote.bloomberg.com ...
Excluding the impact of some costs? Same Wall Street double talk that we have been hearing for the last few years. Put all the expenses in, and then tell us what you've earned. No more of the fiction.
Richard W.
I agree he's been diligently posting interesting aritcles and comments, and deserves credit for that.
But he's also been slacking off in debate/discussion participation.
No raise at this point in time.
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