Forward by Vipin Gupta
Difficult to choose the best one.
What is your choice? 
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Friday, January 2, 2009
which is best?
Motorala to slash 400 more jobs
Forward by LaxmiRamana
Mobile phone maker Motorala will cut 400 more jobs and expects to incur charges worth $189 million related to cost reduction measures
in the fourth quarter.
Earlier in October, the firm had said it would reduce the workforce by about 1,500 employees, mainly in the Mobile Devices segment. The move would result in pre-tax charges of 104 millions dollars in the fourth quarter.
Motorola in a filing to the Securities and Exchange Commission on Tuesday said the company would terminate nearly 400 employees, which would result in charges of about 25 million dollars in the fourth quarter.
“On December 23, 2008, the company approved certain additional plans relating to these cost-reduction initiatives.
These additional actions, plus other actions approved since October 30, 2008, relate to the termination of approximately 400 employees, resulting in additional pre-tax severance charges of approximately 25 million dollars in the fourth quarter of 2008,” the filing noted.
The cell phone maker said these actions would result in total pre-tax charges to the tune of 189 million dollars in the fourth quarter.
“Cash payments associated with these actions have occurred in the fourth quarter of 2008 and will occur in 2009.
All of the company’s business segments, as well as various corporate functions, are impacted by these plans,” the filing pointed out.
Motorala reported a net loss of 397 million dollars in the third quarter whereas the company had a net profit of 60 million dollars in the year-ago period.
Thursday, January 1, 2009
Bangalore leads in IT race in India
Forward by Kalyani
Bangalore continues to be the number one destination for IT/ITeS companies in the country.
For all those who thought Chennai and Hyderabad were eating into Bangalore's status as the IT capital of India, here are some facts.
The annual year-end report by global real estate consultants Cushman & Wakefield shows that Bangalore witnessed the highest commercial space absorption in the country of 10.4 million sqft - the highest in the country for the fifth consecutive year. Of that, IT and ITeS companies absorbed 88%, followed by automotive, telecommunications and other sectors.
Leading the way was i-Flex Solution, which absorbed 1,100,000 sqft of commercial space in Whitefield, followed by 350,000 sqft of space each by ABB and ANZ IT in Whitefield and the Marathalli-Sarjapur belt.
Chennai absorbed only 4.1 million sqft of commercial space of the 9.8 million sqft of supply this year, as against its absorption of 6.5 million sqft of space in 2007.
Hyderabad witnessed a whopping 67% drop in commercial space absorption -- from last year's figure of 4 million sqft to only 1.3 million sqft this year. The total supply in the city amounted to nearly 3.8 million sqft.
Mumbai and the National Capital Region (NCR) absorbed 8.5 million sqft and 8.6 million sqft of commercial space in 2008 respectively.
"Bangalore & Mumbai were the only two cities that showed an increase in absorption from last year," reads the C&W report. Meanwhile, commercial rental rates in Bangalore appreciated between 4% and 9% in the peripheral areas and by a whopping 18% in the central business districts.
I Am The New Year
Forward by Arun
Life, I am the new year.
I am an unspoiled page in your book of time.
I am your next chance at the art of living.
I am your opportunity to practice
what you have learned about life
during the last twelve months.
All that you sought
and didn't find is hidden in me,
waiting for you to search it out
with more determination.
All the good that you tried for
and didn't achieve
is mine to grant
when you have fewer conflicting desires.
All that you dreamed but didn't dare to do,
all that you hoped but did not will,
all the faith that you claimed but did not have -
these slumber lightly,
waiting to be awakened
by the touch of a strong purpose.
I am your opportunity
to renew your allegiance to Him who said,
'behold, I make all things new.'
I am the new year.
Wishing all a Very Happy New Year...
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