Reorganisation & Restructuring

Daktronics Explains ‘Going Concern’ Audit Comments

by Bob Raikes

What They Say Daktronics said that qualifications added to the firm’s audit that suggested that there was doubt in its ‘ability to continue as a going concern’ and late filing of its annual report. …

Tags:Daktronics| Financial Data| Reorganisation & Restructuring

Meta Abandons its Portal Smart Displays and Smartwatch Project

by Bob Raikes

What They Say Reuters reported that in a ‘townhall meeting’ with staff, Meta said that it would stop developing smart displays (the Portal product range) and smartwatches and that half the 11,000 positions it …

Tags:Facebook/Meta| Reorganisation & Restructuring

Meta fires 11,000 – Reality Labs Impact Unclear

by Bob Raikes

What They Say Meta has fired 11,000 staff as it deals with the challenges of reduced revenue and tougher times for the big tech companies. Mark Zuckerberg apologised for the process and said that …

Tags:Facebook/Meta| Financial Data| Reorganisation & Restructuring| Virtual Reality

Links Week Ending 21st October 2022

by Bob Raikes

Every week we see some articles that don’t really need comment or are just plain interesting. Here are a few from the end of this week. AMD slam dunks GPUGPU test Fast-charging aluminium–chalcogen batteries …

Royole Has Assets Frozen

by Bob Raikes

What They Say The Caixin newswire has reported that Royole Corp of China has had $5.3 million equivalent of assets ‘frozen’ by a local court because of ‘contract disputes’ with suppliers. The application is …

Tags:Financial Data| Flexible Displays| Reorganisation & Restructuring

Links Week Ending 9th September 2022

by Bob Raikes

Every week we see some articles that don’t really need comment or are just plain interesting. Here are a few from the end of this week. There are a lot as I was so …

Huawei founder Ren declares a battle for survival

by Bob Raikes

What They Say Caixin Global of China reported a memo from Huawei’s founder Ren Zhengfei to the firm’s employees in which he said that the focus should be on profits and cash flow instead …

Tags:China| Huawei| Reorganisation & Restructuring

Cineworld on the Brink?

by Bob Raikes

What They Say Just as we went to press, the BBC reported that CineWorld had seen its shares plunge 60% after a report in the WSJ said that the firm was preparing for bankruptcy. …

Tags:Cinema| Cinema going| Financial Data| Reorganisation & Restructuring

Links Week Ending 12th August 2022

by Bob Raikes

Every week we see some articles that don’t really need comment or are just plain interesting. Here are a few from the end of this week. Liverpool Uni facility features ‘UK-first’ projection system (Multiple …

Mobile AR Global Revenue Forecast, 2021-2026

by Bob Raikes

What They Say ARtillery Intelligence still remains positive about the potential and growth of AR markets and published its ‘cautiously optimistic’ forecast with 33% revenue growth forecast for 2022 and 27% in 2023 as …

Tags:Augmented Reality| Forecasts| Market Data| Reorganisation & Restructuring

Links Mid-week in Week Starting 16th May 2022

by Bob Raikes

Every week we see some articles that don’t really need comment or are just plain interesting. Here are a few from the first part of this week. ISE Says 43,691 People Attended Just-ended Trade …

Technicolor to split in two with TCS spin-off

by Bob Raikes

What They Say Technicolor is to split in two and spin-off its Creative Studios business. Technicolor Creative Studios (TCS) will be split off with shares issue to Technicolor shareholders, with the remaining business listed …

Tags:Reorganisation & Restructuring| Technicolor