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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/2/2001 7:05:03 PM
From: besttrader   of 37746
 
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Vitesse Semi (VTSS) 37.78 +3.30: Company announces plan to reduce its 1,280 member workforce by approx. 12%; upper
management to take a 10%-25% cut in salary. "This action was necessary in light of the slowdown in customer demand and the need to
size the company to previously announced revenue expectations."

Genzyme (GENZ) 108.16 -2.87: Company announces a $500 mln convertible offering; we're hearing that CSFB will be pricing the
deal tonight. Stock trading down to to 103 after hours.
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