Clearwire to cut 15% of workforce in attempt to raise ‘short-term funding’

By on November 4, 2010 at 6:52 PM.

Clearwire to cut 15% of workforce in attempt to raise ‘short-term funding’

Today, during their Q3 2010 earnings call, WiMAX network operator Clearwire announced that it would be slashing 15% of its workforce and instituting several “cash conservation measures” in an attempt to raise “short-term funding.” As the earnings brief reads:

While the Company is cautiously optimistic it will resolve its short-term funding needs in the near future, there can be no assurances. Thus, it is implementing a series of significant cash conservation measures to reduce costs, including: a substantial reduction in sales and marketing spending, a suspension of additional retail channel market launches of the CLEAR-branded operations in select markets including Denver and Miami, delays in the introduction of CLEAR-branded smartphones, a substantial reduction in the contractor workforce, a 15% reduction in the number of employees, and the discontinuation of development activities for sites not required for its current build plan. The Company currently has thousands of sites in various stages of planning and construction beyond its current build plan, and it intends to suspend zoning and permitting in a portion of those sites until such time as additional funding becomes available. These contemplated initiatives are intended to result in potential cost savings of between $100 million to $200 million in 2010 and again in the first half of 2011.

That certainly doesn’t sound good. We contacted Sprint for comment — as their 4G network depends on Clearwire — and they were kind enough to provide us with a statement. Hit the jump to read Sprint’s take on Clearwire’s situation. More →

7 Comments

RIM's Mike Lazaridis wants manufacturers to limit your data usage

By on February 16, 2010 at 11:33 AM.

RIM's Mike Lazaridis wants manufacturers to limit your data usage

rim-smallWe really love the boys and girls over at RIM, but if you haven’t already noticed, they’re pretty much stuck in 1998. Why do we say that? Well, RIM’s co-CEO Mike Lazaridis (who is absolutely brilliant) started spewing off his nonsense on data conservation at MWC and how “manufacturers had better start building more efficient applications and more efficient services. There is no real way to get around this.” Oh, but there is, Mike. It’s called actually having a wireless data network that can handle the things consumers and businesses want to do on their phones, and it’s called planning. More →

138 Comments

Top 5 mobile companies team up for energy efficient chargers

By on November 20, 2008 at 11:24 AM.

Top 5 mobile companies team up for energy efficient chargers

These days, it seems staying green and environmentally friendly is on the top of everyone’s list. People drive hybrids, recycle their gadgets (the non-sentimental ones, anyway) and conserve where they can. To help consumers, and the planet, Nokia, Samsung, Sony Ericsson, Motorola and LG Electronics have teamed up to make a common rating system for energy chargers. Believe it or not, when you unplug your BlackBerry, Touch Diamond, iPhone or any other phone from the charger, it will still draw electricity unless you unplug the charger from the wall unit. We all know just how much energy we can drain being gadget freaks, but by removing your charger from the wall when your gadget is done charging, you can save tons of energy. “If the more than three billion people owning mobile devices today switched to a four- or five-star charger, this could save the same amount of energy each year as produced by two medium sized power plants,” Nokia said in a statement. So, look for energy saving chargers when considering a replacement or a spare. Now all we can hope for is that manufacturers can agree on one universal charger for all gadgets and devices, but it seems hope is all we’re stuck with for the moment.

[Via Phonescoop]

Read

11 Comments