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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: LLCF who wrote (98923)5/2/2001 12:19:59 AM
From: UnBelievable  Read Replies (2) of 436258
 
Did You See That GS's IPO From Last Month, Loudcloud Is Laying 19% Of Its Workforce.

I guess the visibility goes to hell once the money from the IPO is in the bank.

Internet infrastructure manager Loudcloud (LDCL), the newly minted IPO from Netscape founder Marc plans to cut 122 jobs, 19 percent of its workforce, in an effort to reach the cash flow breakeven point.

Loudcloud shares dropped 2 cents to $6.41 in after hours trading.
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