Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 284.31

+5.8%

Jan 5 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BWAC who wrote (57298)	12/12/2001 9:34:19 PM
From: advocatedevil	Read Replies (1) of 70976

BWAC, There will certainly be a positive impact as a result of AMAT's cost cutting. By focusing only on that aspect of the layoffs, one could spin the announcement as great news. IMO, the implications of today's action is more significant than the cost reductions. The bottom line is that reducing AMAT's workforce at this point in time is a clear indication of expected weakness over the next couple quarters (at least). I believe that Applied implemented this measure as a last resort. Layoffs are costly. 2nd round layoffs are even more costly because good employees are often forced to leave. AdvocateDevil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next