Motricity (NASDAQ: [[ticker:MOTR]]), the Bellevue, WA-based company that manages wireless data for carriers, has terminated a contact with T-Mobile and cut “a small number of jobs,” according to a report in TechFlash. A Motricity spokeswoman said the move will help the company expand its profit margins. The move is a bit of a surprise, given that Motricity has been on a roll. The company went public at $10 a share in June, and closed yesterday at $28.81.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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