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Technology Stocks : Adaptec (ADPT)
ADPT 18.62+14.1%Nov 21 9:30 AM EST
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To: slipnsip who wrote (1549)4/1/1998 12:29:00 PM
From: Camron Rafizadeh  Read Replies (1) of 5944
 
Layoff's are bad for the people getting let go, but typically good for stock prices Indeed. Here is why!

ADPT: Total Revenue 1 billion
Symbios: Total Revenue .70 billion

Calculating Overhead reduction:
1 billions * % 7 = 70 mils - (10 -> 12 mils) => 60 mils reduction
Since it was announced as a factor for the entire business sector, this reduction will be followed by Symbios;
.7 billions * % 7 = 49 mils - (8 -> 102 mils) => 40 mils reduction
Total 100 mils

Now, do Earnings look better with these reductions?

Camron
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