bushwacked Posted January 22, 2009 Share Posted January 22, 2009 Not good news: http://blog.seattletimes.nwsource.com/tech...5000_in_ne.html Quote Link to comment Share on other sites More sharing options...
keggerz Posted January 22, 2009 Share Posted January 22, 2009 Not good news: http://blog.seattletimes.nwsource.com/tech...5000_in_ne.html I wish I could say this is shocking (not that its MS just that its happening) but it really isn't. Quote Link to comment Share on other sites More sharing options...
darin3 Posted January 22, 2009 Share Posted January 22, 2009 Dell is hiring like crazy. Quote Link to comment Share on other sites More sharing options...
keggerz Posted January 22, 2009 Share Posted January 22, 2009 (edited) Dell is hiring like crazy. I dont know what their numbers are projected to look like but the MS cuts are directly as a result of their reports to wall street coming in at the low end or lower than projected...imo, these cuts are short sighted...sure they "seem" to be doing what is right by their investors but the truth is that they are a BIG component of the DOW and they are cutting a major part of their workforce while they are still profitable...sure their numbers came in less than expectations but they are still profitable...i dont see anything good coming from this...5000 people get laid off and cant add any money into the economy further stressing it(more companies will be following suit) so it perpetuates itself...I think it would have been better for MS to issue a statement sayin that they missed their projections and while normal course of action would be to cut jobs etc that they feel doing so now would only hurt the company as well as the economy and therefore they are going to do what they can to cut costs etc without cutting jobs because they feel a duty to not just their investors but the ecomony that they help to drive...but in the end wall street greed has seen fit to make that an impossible dream Edited January 22, 2009 by keggerz Quote Link to comment Share on other sites More sharing options...
polksalet Posted January 22, 2009 Share Posted January 22, 2009 good, MS needs to perish Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted January 22, 2009 Share Posted January 22, 2009 Some of this can be put down to the disaster that is Vista. Still way less business takeup than there ought to have been and Windows 7 on the horizon now. Quote Link to comment Share on other sites More sharing options...
I Like Soup Posted January 22, 2009 Share Posted January 22, 2009 I dont know what their numbers are projected to look like but the MS cuts are directly as a result of their reports to wall street coming in at the low end or lower than projected...imo, these cuts are short sighted...sure they "seem" to be doing what is right by their investors but the truth is that they are a BIG component of the DOW and they are cutting a major part of their workforce while they are still profitable...sure their numbers came in less than expectations but they are still profitable...i dont see anything good coming from this...5000 people get laid off and cant add any money into the economy further stressing it(more companies will be following suit) so it perpetuates itself...I think it would have been better for MS to issue a statement sayin that they missed their projections and while normal course of action would be to cut jobs etc that they feel doing so now would only hurt the company as well as the economy and therefore they are going to do what they can to cut costs etc without cutting jobs because they feel a duty to not just their investors but the ecomony that they help to drive...but in the end wall street greed has seen fit to make that an impossible dream In my opinion, that is the biggest problem; the short sightedness of Wall Street. It has everyone looking for short term numbers, that is where you get the "creative" accounting and Enron's of the world. Quote Link to comment Share on other sites More sharing options...
WaterMan Posted January 22, 2009 Share Posted January 22, 2009 In my opinion, that is the biggest problem; the short sightedness of Wall Street. It has everyone looking for short term numbers, that is where you get the "creative" accounting and Enron's of the world. Â I call it greed. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted January 23, 2009 Share Posted January 23, 2009 In my opinion, that is the biggest problem; the short sightedness of Wall Street. It has everyone looking for short term numbers, that is where you get the "creative" accounting and Enron's of the world. Bingo. That's the nail hit squarely on the head. Quote Link to comment Share on other sites More sharing options...
keggerz Posted January 23, 2009 Share Posted January 23, 2009 In my opinion, that is the biggest problem; the short sightedness of Wall Street. It has everyone looking for short term numbers, that is where you get the "creative" accounting and Enron's of the world. I agree and think that was what I said...if not it is what I was trying to say Quote Link to comment Share on other sites More sharing options...
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