Intersil to cut jobs as costs mount
(Reuters) - Chipmaker Intersil Corp will reduce its workforce by 11 percent to cut costs and revamp its product portfolio. The company expects to incur charges of about $9 million in the second quarter due to the restructuring, it said in a regulatory filing on Wednesday. Intersil employed 1,643 workers as of December 31, 2011. The company said the restructuring plan includes trimming operating costs by about $40 million annually. Intersil's revenue has declined for the last four quarters. Costs, however, have not fallen, hitting its operating margins. ...
QWIKI: What Is Instagram?
!function(c,e){var b,a=c.getElementsByTagName("script")[0];if(!c.getElementById(e)){b=c.createElement("script");b.id=e;b.src="//s1.ikiwq.com/embed/2.4/embed.min.js";a.parentNode.insertBefore(b,a);}}(document,"qwiki-js"); It’s likely that you’ve started to hear people talk a lot about Instagram, or what has now become known as the “billion-dollar app.” Yes, back in April Facebook purchased Instagram for $1 billion. So what is so special about the app and how...
On The Call: HP CEO Meg Whitman
Hewlett-Packard Co. expects to reduce its annual expenses by as much as $3.5 billion after cutting 27,000 jobs, or about 8 percent of its work force, within the next two-and-half years.
'Gay' Penguins Get Their Own Egg
A “gay” penguin couple in a Madrid zoo has been given an egg of their own to care for after six springs of building nests together and being disappointed their nests were empty. Inca and Rayas, the Gentoo penguins at Madrid’s Faunia Park have been inseparable...
Japanese video game author wins Spanish prize
Japan's Shigeru Miyamoto, considered the father of the modern video game, has been awarded Spain's Prince of Asturias Award for Communication and Humanities.
Web series touts funky concept snowboards
In the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channel’s “How It’s Made” — except with a lot more sass and a funkier setting.
