Melanie Lee reports for Reuters, “Singapore’s Creative Technology, which makes digital music players…”
MacDailyNews Take: They do? Hoo knew?
Lee continues, “…has cut its workforce by 2,700, or almost half, after the firm sold its manufacturing unit in Malaysia… The jobs were axed in the 12 months ending June 30 last year and were reported in an annual filing on Dec. 31, the Business Times said.”
“Creative Technology reported a net loss of $32.2 million in the three months ending September 30 last year,” Lee reports.
MacDailyNews Take: That “Zen patent” money must be long gone by now.
Full article here.
MacDailyNews Take: So nice to see a story about good ol’ Derivative. We’d pretty much completely forgotten about them.
The MP3 war has started and I am the one who has declared war… I’m planning to spend some serious money. I intend to out-market everyone… Creative is targeting a 40 percent share of the global MP3 market next year. – Creative CEO Sim Wong Hoo, November 17, 2004
This is the way the “war” ends, not with a bang, but a whimper.
[Thanks to MacDailyNews Reader “James W.” for the heads up.]