hmmm...
I know Revenue does not equal Profit (far from it in a lot of cases) but
"The IoT division turned in US$721 million in Q1 revenue this year...".
That does not sound like a Division that is losing money hand over fist. I cant really understand the reasoning behind closing it? Unless they think that Revenue is going to dry up in the next year or two, (admittedly they may have a forecast saying exactly that) but I cant see the reasoning behind closing a money making department. Strange...
Biting the hand that feeds IT
