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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST
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To: James Luk who wrote (4467)1/30/1999 11:19:00 AM
From: SDNA  Read Replies (3) of 4509
 
From the 1/29/99 San Francisco Chronicle:

"It's the first time the Pleasanton-based firm, the world's second-largest business management software-maker, has slashed jobs. They are cutting 6 percent of the workforce just four months after hiring 2,500 people"

I feel the job cuts are over emphasized as bad news, they're more like correcting the over optimism in previous hirings.

Good luck!
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