Motricity Ends T-Mobile Deal, Cuts Jobs
Motricity (NASDAQ: 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.