Hasta La Gadget!

Looks like May’s Hewlett-Packard layoff numbers were about 2,000 short of reality, as the American hardware company adjusted its previous 27,000 estimate to 29,000 in a recent SEC 10-K filing spotted by ZDNet. Those employees represent approximately eight percent of HP’s entire workforce, and the restructuring saves the company $3 to $3.5 billion per year — money it badly needs following last quarter’s losses. HP says that 3,800 employees were affected as of July 31, 2012 — just over 13 percent of the restructuring total. It’s unclear how many more will be affected by year’s end, if any.

Filed under: Desktops, Laptops, Software

HP adds another 2,000 to the chopping block, cutting 29,000 jobs by 2014 originally appeared on Engadget on Mon, 10 Sep 2012 12:41:00 EDT. Please see our terms for use of feeds.

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AT&T has only just begun the transition away from 2G services with its spectrum refarming in New York City, but it now has a target end date to mark on the calendar: January 1st, 2017. Courtesy of an SEC filing, we know that the carrier hopes that both its GSM voice and EDGE data networks will have gone to the great cell tower in the sky before we’re popping the champagne corks about four and a half years from now. The Big Blue Ball expects the transition to be a smooth one, as only 12 percent of its regular subscribers are using 2G-only phones today; if it ever gets bumpy, the company promises to “proactively” steer the holdouts towards 3G and 4G. Don’t get too misty-eyed. While the transition will mark the end to what’s arguably one of the most definitive chapters in US cellular history, that far-flung date will likely come well after most of us have moved on — much like the AMPS shutdown, it could be less of a bang and more of a whimper.

Filed under: Cellphones, Wireless

AT&T plans to shut down entire 2G network by 2017 originally appeared on Engadget on Fri, 03 Aug 2012 15:42:00 EDT. Please see our terms for use of feeds.

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Google’s most recent filing to the SEC has revealed how the company came to that $12.4 billion valuation of Motorola. Unsurprisingly, its intellectual property portfolio comprised the bulk of the price — with Mountain View stumping up $5.5 billion for the “patents and developed technology” owned therein. Larry Page claimed that the deal would “supercharge” the Android ecosystem, which led to the company paying $2.6 billion for goodwill — which was only expected to arise once the buyout was completed. The company spent $630 million on “net assets,” $2.9 billion to buy the phone maker’s cash reserves and $730 million on customer relationships. During its most recent earnings call, Google said it had nothing to announce regarding the newest member of the family — but perhaps we can look forward to some more exciting hardware… pretty please?

Continue reading Google regulatory filings reveal Motorola’s worth: IP is nearly half of the company’s value

Filed under: Cellphones, Tablet PCs, Internet

Google regulatory filings reveal Motorola’s worth: IP is nearly half of the company’s value originally appeared on Engadget on Wed, 25 Jul 2012 04:24:00 EDT. Please see our terms for use of feeds.

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