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Technology Stocks : Adaptec (ADPT)
ADPT 17.88+2.1%3:59 PM EST
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To: Larry J. who wrote (2970)7/13/1998 10:29:00 PM
From: Starowl  Read Replies (1) of 5944
 
Larry: I don't think the RIF charges are part of the $65-70 million write-offs for Ridge and Analog Devices technology acquisitions. They will be added to those charges, bringing the total to $73-$82 million for 1st Qtr '99. (AND, as Jim Switz points out in the next post--thanks for the 15-minute edit window--, there's $20 million charged against the Symbios effort, making the high total $102 million.)

I am a bit surprised that the original estimated write-off ($8-12 million) for the first RIF of 200-250 employees will now include the 350 Singapore employees. That's a pretty big recalculation. Maybe Hansen had problems with math. (Just kidding, Paul).

I won't speculate about why Hansen is leaving, but those things happen. Been around for awhile.

Starowl
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