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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: Harpo who wrote (1451)7/23/1998 1:37:00 AM
From: Q.  Read Replies (1) of 2506
 
HPRT also fired its CFO and COO.

This announcement is peculiar. It's not too often you see two top executives resign to pursue other interests and the co. says it won't replace them. I would guess they were just sacked as part of the reorganization, and the CEO couldn't think of a good way of announcing it.

REDWOOD CITY, Calif., July 22 (Reuters) - Heartport Inc on
Wednesday said Chief Financial Officer David Singer and Chief
Operating Officer Richard Brewer have resigned from the company
as its planned restructuring has come to a completion.
The executives left to pursue other opportunities. Chief
Executive Frank Fischer will assume their duties, and the
company has no current plans to replace the executives, a
spokesman said.
Heartport, a maker of medical devices used in cardiac
surgery, said the restructuring reduced its workforce by about
one-third.
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