FedEx Corp. said Thursday it plans to cut more jobs and trim wages again, as the company reported its fiscal third-quarter profit tumbled 75 percent on severe weakness in the global economy.
FedEx is a broad barometer of the global economy.
Cisco Systems, whose router sales growth is slowing significantly, paid nearly $590 million for Pure Digital, maker of Flip digital video-cameras. Incidentally, I was mentioning Flip in my marketing class yesterday and explaining why these devices command a significant market share- video-cameras for dummies.
Thursday, March 19, 2009
FedExpress stuck in a slow lane..Cisco flips for Flip
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