News Articles

Friday, November 19, 2010

Modu employees apparently made redundant as company fails to raise money

It’s reported that Israeli mobile phone manufacturer Modu is making most of its 30 employees redundant after unsuccessfully trying to raise money. The company, which makes modular mobile phones, recently announced the lightweight Modu T.

Israel’s Globes business news website quotes company founder Dov Moran as saying “This is not the end of Modu. We will try to raise money from other sources of capital. The company will continue to sell its products. We did not manage to persuade people that Modu has great potential, and that hurts a lot. It's my failure.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 698

Tags: moduisrael

Please login or register to post comments.

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«September 2016»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789

Archive

Terms Of Use | Privacy Statement