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Foxconn Channel could still be axed
Need to turn in profit by Q2'09
As the Foxconn Channel saga continues, we've now had some more details with regard to what is actually going on within the company; and it looks like the Foxconn Channel division has been given an ultimatum, turn profitable before the end of Q2'09 or that's it.
It's not a lot of time for Foxconn Channel to sort things out, especially not as this division of Foxconn has been plagued by production delays and a whole host of other issues. Hopefully, the current restructuring will help improve things, but we wouldn't bet on it.
We're hearing that several teams are being merged to create leaner business units, but when the staff doesn't seem to know what is going on and there being no clear directions from the management, then it's not going to help a whole lot. Hopefully, this is just a temporary glitch until the new business units work out who is doing what.
We'll have to wait and see how things work out, but if worse comes to worse, then Foxconn Channel will be no more by the middle of next year; but hopefully it won't get to that.