Moon + Mang = No Newshounds
sjmercury.com
ON A COLD DAY IN . . . : A one-source item here Wednesday that 3Com Corp. (Nasdaq, COMS) has imposed a hiring freeze turned out to be based on a mostly bad tip.
''There's no across-the-board hiring freeze,'' says Christopher B. Paisley, the Santa Clara company's chief financial officer, who phoned from 3Com's analyst meeting in New York. But Chris, no one mentioned an across-the-board freeze. Is there one in any part of the business?
''I honestly don't know the answer to that,'' he says. ''It's possible that some business unit has done that. But I really don't have knowledge of that. Everybody is being careful on recruiting because over time we're trying to ensure that our expenses grow slower than our revenues.''
Paisley goes on to note that the winter and summer quarters traditionally are 3Com's weakest periods and so ''it's certainly possible that somebody in their business units has said, 'No hiring.' ''
Janice M. Roberts, who heads 3Com's cable and home networking divisions in addition to the Palm Computing unit, says, ''We cannot recruit fast enough.''
And finally, 3Com's own Web site, updated Wednesday, lists numerous employment opportunities. |
