Management ascribed half the shortfall to an inventory reduction at Sprint Nextel, the customer that pays the most for its phones and is having merger consolidation issues of its own.
Many industry experts say the only solution for individual companies, to at least meet near-term demand, is merger and consolidation.
For example, liability is triggered if the deal amounts to a merger or consolidation, usually evidenced by a purchase of the stock.
But the ten-year pact between the two falls short of a merger at a time of frenzied consolidation in the markets.
Zell was a guest yesterday on CNBC, where Maria Bartiromo asked him whether that merger is a sign that media consolidation is on the rise.
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At a hastily convened press conference on August 20th, the three bank bosses studiously avoided the word gappei, or merger, preferring the vaguer togo, or consolidation.
It also said its proposal falls in line with the consolidation of the industry in Europe, including the proposed merger of rival British Airways with Spain's Iberia.
Japan's increasingly merger-friendly environment, its accounting reforms and banking consolidation may all help.
The status quo (little consolidation) helps to prevent social instability that could result from closure or merger of less efficient players.
The Scottish legal sector is to undergo further consolidation after two major commercial law firms became the latest to announce a merger.
Another way investors stand to benefit from industry consolidation is through the publicly traded small to mid sized investment banking boutiques with merger and acquisition and capital raising capability.
The telecom industry has gone merger-mad, and what began as a healthy wave of consolidation is starting to sound like a bunch of retired men guessing which horse will win in the fifth at Aqueduct.
The recent round of consolidation in the financial industry has given them another excuse to step up this process: merger partners need to prune holdings so that banks' combined stakes do not exceed 5% of a company's stock, the legal limit.
More consolidation beckoned in the airline industry as British Airways and Spain's Iberia said they were holding talks about a merger.
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