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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 13 4:00 PM EST

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To: bobby beara who wrote (62171)	11/10/2000 3:18:57 PM
From: Crimson Ghost	Read Replies (1) of 99985

From Comstock: Incidentally, did anyone else pick this up in the Internet Capital Group comment? They stated that they were cutting out 50 jobs, which was 35% of its total employees. This means that, before the layoffs, they employed 143 people. At its peak earlier this year the company had a total market capitalization of $59 billion. That comes out to $412 million per employee (not a typo). This illustrates, as much as anything we’ve seen, the complete insanity of the excesses that are now in the process of being unwound.

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