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Technology Stocks : All About Sun Microsystems
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To: Kevin Rose who wrote (44324)7/31/2001 9:53:18 PM
From: QwikSand  Read Replies (1) of 64865
 
What I believe is significant is that SUNW is telling us that they do not believe the recovery will be in Q3 or Q4, but instead in 02. Why else go through the internal and external trauma of cuts when they could just as well attrition that many people out over the next few months?

But this very issue was addressed by one of the Sun spokespeople. Because the Valley and the the tech economy in general have cooled off drastically, Sun's attrition rate has dropped (I think they said from an annualized 10% to 6%), so they can no longer rely on attrition alone to reduce headcount costs.

Sun said in plain English during their CC that they don't particularly count on an early recovery. They've also told us in plain English several weeks ago that they intended to rank employees and cut deadwood to reduce costs, and furthermore that they sometimes do so even when times are good. There is no way to make this pseudo-news story "relevant" (to what???) or to interpret it as "telling us" something that wasn't already known, or that hadn't already been told.

As I said, where's the line? 300 jobs in a 43,000 person company. Would a cut of 100 jobs also be "very relevant"? 50? 10? 3? 1?

Deluded little world...oh right, I forgot, the real world is the "relevance" of Windows XP.

--QS
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