Eagle Broadband Restructures
League City, Texas-based Eagle Broadband [AMEX: EAG], a manufacturer of products that use the Iridium satellite constellation to provide communication services, has restructured its operations to increase revenue and become cash flow positive within 90 days. The company said the restructuring includes job cuts, staff reassignments, business consolidation and cost reduction. It did not elaborate on the work force reduction or provide guidance on the financial effects of the reorganization. Eagle Broadband said it would add new management, while reassigning and cutting staff. The company also plans to form a centralized sales and marketing function to increase direct sales coverage across its markets.