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Voice-data convergence can cut operating costs, but the same VoIP technology is also eroding revenues from traditional fixed-line telephony, and new revenues from broadband will not fill the gap.
WASHINGTON — The fiscal crisis for states will persist long after the economy rebounds as they confront rising health care costs, underfunded pensions, ignored infrastructure needs, eroding revenues and expected federal budget cuts, according to a report issued here Tuesday by a task force of respected budget experts.
With just 18% of sales coming from the fast-growing FPGA segment, Lattice spent 45% of last years eroding revenues (down 6.5%) trying to develop competitive FPGA products.
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RHK and others fear that smaller players will cut prices and force MCI to match them, eroding revenue and earnings.
Continued consolidation among oil and natural gas companies could reduce the number of future and current customers, eroding revenue.
A downturn in consumer spending could mean customers give up appetizers and deserts and choose lower-priced entrees and drinks, eroding revenue.
In the meantime, the popularity of digital cameras is expected to increase, further eroding revenue from traditional film for companies like Kodak.
The shorter stays have eroded revenues.
The chancellor, Philip Hammond, also warned last week of the "structural effect of rapidly rising incorporation and self-employment, which further erodes revenues".
The sharp drop in air traffic worldwide over the past year has eroded revenues for full-service and low-cost airlines alike, prompting even the likes of Ryanair — which for years has proudly subordinated passenger comfort to cost control — to concede the challenges of operating in the current economic environment.
General Motors, the Ford Motor Company and DaimlerChrysler's Chrysler Group delayed merit raises and cut or eliminated 401(k) matching programs this year to save money as price wars eroded revenue.
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