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Technology Stocks : Remedy Taking a hit why?
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To: Clam Clam who wrote (280)10/13/1997 7:35:00 PM
From: Shege Dambanza   of 763
 
Hey Clam, thought you'd like some snippets of info about our favorite stocks. I went to Westech today--I do this every now and then to scope out high-tech companies in the Bay Area, who's hiring, who's not. (For those who don't know, Westech is a HUGE job-fair for technology companies held every two months or so at the Santa Clara Convention Center).

Lots of companies there, more semiconductor type companies than I remember from previous visits. Fair number of Internet SW companies, some start-ups.

Tid-bits:
Remedy had a slew of openings, notably in engineering and sales. I believe this is due to turn-over. It's particularly telling that many of the openings in Engineering were for Directors and Managers. Rumor has it that there has been some blood-letting in the Engineering org. A number of Directors were basically let go because they weren't delivering the goods. This could have downstream implications.

Clarify and Scopus both had a presence, and long lists of openings. Casual conversations with the recruiters indicated this was due primarily to turn-over i.e. these were not new positions. Scopus did not post job descriptions for the Sales VP jobs. Clarify was looking for all kinds of people.

Vantive and Siebel were notable by their absence. Either they're controlling costs and not hiring, or they are sourcing through other means. Come to think of it, I don't think I've ever seen them at Westech.
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