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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Lazlo Pierce who wrote (9653)6/4/1998 10:27:00 PM
From: Ploni   of 18691
 
Motorola Inc., citing deteriorating demand for its semiconductors, Thursday said it plans to slash 15,000 jobs and take a $2 billion restructuring charge in the second quarter. The cuts, which represent about 10 percent of the company's worldwide work force, are scheduled to take place over the next 12 months.

Motorola ran an advertisement in late April for a lead electrical engineer for their newly expanded Ft. Lauderdale facility, and I answered the ad. I received a phone call from a guy named Carlson, who gave me a hard time because my resume shows I switch jobs every year or two. (I've mostly worked on contract, so when I finish the project, I have essentially worked myself out of a job.) I spent an entire day (April 30) working up a pretty follow-up letter and references, but never heard from them. Carlson and Motorola didn't even have the decency to send me a rejection post card.

As you all know, I'm so smart, hard-working, conscientious, and good-looking that I am certain that had Motorola hired me, I personally would have saved them about $2 billion. But they blew it, and as far as I'm concerned, the entire company can go under.
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