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Strategies & Market Trends : Guidance and Visibility

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To: ChrisJP who wrote (54072)	5/28/2002 9:06:28 PM
From: SusieQ1065	Read Replies (1) of 208838

from my Jim Brown Newsletter of last night...not sure if this is common knowledge...but rumor of BIG job cuts coming at IBM... Another indicator of the weakness in business spending was the next round of layoffs begun by IBM. IBM said an unspecified number of workers were laid off this week at various computer manufacturing plants. An industry official said over 1000 workers were cut at server plants. Insiders who claim to know what is coming claim IBM is going to cut as many as 9,540 jobs. You can bet that ANY growing strength in business orders would have prevented IBM from cutting thousands of highly skilled workers at this stage in the economic recovery.

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