Depotech(depo) Message Board

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Biotech / Medical : Depotech(depo)

DEPO 7.300

+1.7%

Aug 14 5:00 PM EST

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To: StockDoc who wrote (823)	6/24/1998 6:01:00 AM
From: Andreas Helke	Read Replies (2) of 887

Depotech keeps downsizing. From thestreet.com DepoTech (DEPO:Nasdaq) said it plans to cut its staff by 35% and will record a $402,000 second-quarter charge for severance payments and outplacement services. The two-analyst estimate calls for a second-quarter operating loss of 43 cents per share versus the year-ago loss of 52 cents.

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