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Technology Stocks : Dell Technologies Inc.
DELL 119.97-0.4%12:45 PM EST
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To: Sig who wrote (165168)5/8/2001 9:01:06 AM
From: TigerPaw  Read Replies (1) of 176387
 
Timeline

Feb. 15: Dell lays off 1,700 Central Texas workers in the first layoffs of its 16-year history. 
March 21: Michael Dell says he sees no need for more layoffs. 'We think everything is going to be OK.' 

April 5: Co-President James Vanderslice tells industry analysts the company plans no further layoffs. 

April 19: Dell passes Compaq to become the world's No. 1 computer seller. 

May 4: Tom Meredith, senior vice president, says the company will be 'ruthless' about cutting costs. 

May 7 : Dell says it will cut 3,000 to 4,000 more jobs


I went to the lake over the weekend for a party that included a large Dell contingent. The strategy, if you can call it that, is to spook any nervous employees into changing jobs. When the remainder of the cuts are made then there should be less people leaving voluntarily after the cut since those predisposed left before the actual cuts. Cuts then continue until a preset amount of salaries are saved. This is pure Vanderslice/Ibm strategy. Unfortunatly it is premised that all heads can be counted alike.
TP
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