Compaq Message Board - Msg: 3497917

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Technology Stocks : Compaq

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To: SDNA who wrote (17882)	2/22/1998 4:37:00 AM
From: Mike Torrence	Read Replies (1) of 97611

To All: I am in Boston on business and read an article in Saturday's Boston Globe concerning DEC and its recent move to boost its layoff package. In the article it states that DEC has improved its layoff package so that maximally it provides 39 weeks of payoff for laid-off employees rather than the 12 weeks it provided before, making it the same severance package that an employee would have received from Compaq. The article further stated that this improvement in benefits was "part of the company's ongoing cost reduction efforts." According to this article 600 jobs have been eliminated so far this year. DEC spokespeople implied that DEC was going to offer this improved package regardless of the Compaq purchase but I wonder, and am led to believe that the lay off plan is being discussed currently between the two firms and that Compaq must have reviewed this new and costlier severance package before approving it. Since I am leaving Boston in a few hours it would be helpful if someone here who has access to the Boston Globe would keep an eye open in the direction of this paper to keep us posted on updates to this story. Thank you. Mike

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