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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Sharkey who wrote (28091)	11/16/2000 12:32:13 PM
From: Nine_USA	Respond to of 29386

TSCM .. are they going bye bye? From Yahoo QLGC thread __________________________________________________ 11/16/00 12:24 pm Msg: 31044 of 31044 beginning of the end for our "friends" at TSCM: Thursday November 16, 5:04 PM TheStreet.co.uk shuts down after funding dries up LONDON (Reuters) - TheStreet.co.uk, a British online financial newspaper part-owned by TheStreet.com, said on Thursday it was closing immediately due to lack of funding. A company spokesman told Reuters that the website had met its financial targets and was making revenues of about a quarter of a million pounds a month, but it had not proved enough. In New York, The Street.com said it was planning to cut its workforce by 20 percent and record a charge. The job cuts in the United States will affect 40 full-time employees. The Street.com said its British operations accounted for about $9 million (5.7 million pounds) of TheStreet.com's consolidated new losses for the nine months ended Sept. 30, 2000. It said that the British company was going to run out of the money by the end of this year. TheStreet.com also said it plans to "wind down" its joint-venture newsroom with the New York Times by the end of this month. The New-York based company also said it expects to incur a one-time charge of between $6 million and $8.5 million from discontinued operations. Lets hope so.