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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO)
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To: David Patrick O'Connor who wrote (3791)2/13/2001 10:40:17 PM
From: Bruce Prescott  Read Replies (1) of 4081
 
Clearly, layoffs and canceling product development make growing any company difficult. On the other hand, failure to control expenses is certain to result in insolvency.

Everybody has to play with the cards they are dealt. Tough choices have to be made when economic conditions are tough. I'm sure the best teams and the most promising products were retained. Most of the employees released are not likely to have had time to prove themselves. Most of the products cancelled are not likely to have been under development for very long. That means the loss to the company is more to the long term than to the short term. The most promising future, however, means nothing if the company fails to meet the challenges of the present.

The products cancelled can be revived whenever the company has the resources needed to complete them.

Trip worked hard to find highly skilled and qualified employees. The loss of their services is the greatest set back. Most of them will quickly find employment elsewhere. Replacing them when times are better will consume money, time and energy in the future.

I suspect Trip will be generous with their severance packages. Perhaps he'll get some of them to come back when times are better.
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