Facebook IPO filing: Plans to raise $5 billion

Motoroll right out the door

by TechGrid Staff on April 4, 2008 · 0 comments

There are going to be only a handful of handset manufacturers in the future (Nokia, SE, Apple, and RIM).   Trouble ahead for everyone else.

Motorola took another hit Thursday in announcing, through a filing with the Securities and Exchange Commission, that it will lay off 2,600 employees. As a result, it will take a $104 million pretax charge in the first quarter of the year for severance costs.  (CNET)

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