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Technology Stocks : DoubleClick Inc (DCLK)

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To: 10K a day who wrote (2881)12/4/2000 10:35:31 PM
From: H James Morris   of 2902
 
December 04, 2000 01:02 PM PT
by Matt Berger

Online advertising firm DoubleClick (DCLK) is laying off about 150 employees, or about 8 percent of its workforce, in the wake of what analysts and DoubleClick have predicted to be a slowdown in the online advertising sector.

The company said in a statement today that it was realigning its staff of about 2,000 to reflect new changes in its management, which the company announced Nov. 20. In its third-quarter earnings conference call, the company said it expected growth in online advertising to slow and revenues for the fourth quarter to be flat from last quarter.
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