John Paczkowski

Recent Posts by John Paczkowski

Layoffs, Palm Pre Coming to Verizon

largest-axe3jpg-150x150jpg1This recession is a long way from over if Verizon’s latest earnings are anything to judge by. Reporting second-quarter earnings that were a penny better than the 62 cents per share Wall Street had been expecting, the company said it suffered a nasty 21 percent drop in profit thanks to the econalypse, which is pinching enterprise customers pretty hard these days.

“The current environment is challenging,” CFO John Killian told analysts during an earnings call Monday, noting that the layoffs we’ve read so much about the past year have badly hurt demand for wired and wireless connections, PC laptop cards and other business services. In fact, so challenging is the environment that Verizon (VZ), which has already eliminated 8,000 jobs in the past year, plans to cut another 8,000 in the second half of this year. “Candidly, we are looking at all other areas of expense,” Killian said.

And what of Verizon’s disputed claims that it plans to add Palm’s (PALM) Pre to its lineup in the near future? The company insists they’re true. During this morning’s conference call, company execs confirmed they plan to carry the Pre “early next year.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work