Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 39.50

-3.1%

Dec 11 3:59 PM EST

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To: Tony Viola who wrote (142669)	9/4/2001 12:59:42 AM
From: The Duke of URL©	Read Replies (1) of 186894

Back to the overlapping products, they are huge, as should be the cutbacks. We're both right, according to this source: Initial feedback from Compaq's executives is that this is "an acquisition by HP." Preliminary job cuts will are expected to drive at least $2.5 billion in savings (we estimated $4 to $5 billion realistically based on a preview of tommorow's presentation). At least 20,000 employees, primarily from Compaq, are expected to lose their jobs quickly the-adviser.com I betcha (I don't think CPQ has laid off the 8500 they said they were going to do a year ago) when all things are revealed in the fullness of time, Rosen sold out rather than having to fire anybody.

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