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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (36094)4/20/2001 9:36:06 AM
From: stockman_scott  Respond to of 65232
 
A number of major companies have announced some big job cuts...

By The Associated Press, 4/20/2001 08:59
Large companies that have announced big job cuts include:
____________________________________________________

Motorola: 22,000

Nortel Networks: 20,000

Lucent Technologies: 16,000

Ericsson: 15,300

Delphi Automotive Systems: 11,500

Verizon: 10,000

Procter & Gamble: 9,600

Cisco Systems: 8,500

Solectron: 8,200

Wachovia (created from First Union-Wachovia deal): 7,000

Sara Lee: 7,000

Honeywell: 6,500

ADC Telecommunications: 6,000-7,000

Whirlpool: 6,000

J.C. Penney: 5,300

Compaq: 5,000

Intel: 5,000

Supervalu: 4,500

Xerox: 4,300

The Walt Disney Co.: 4,000

Textron: 3,600

Schawb: 3,400

Kodak: 3,000-3,500

Hewlett-Packard: 3,000

Gateway: 3,000

Texas Instruments: 2,500

ShopKo Stores: 2,500

AOL Time Warner: 2,400

Standard Register: 2,400

Sears: 2,400

Electrolux: 2,000

Winstar Communications: 2,000

Visteon: 1,800

Service Merchandise: 1,750

Hewlett-Packard: 1,700

PPG Industries: 1,500

Timken: 1,500

American Greetings: 1,500

Amazon.com: 1,300

3Com: 1,200

Freightliner.: 1,085

Norfolk Southern: 1,000-2,000

(Source: Individual companies)



To: Jim Willie CB who wrote (36094)4/20/2001 10:40:07 AM
From: TimeToMakeTheInvs  Respond to of 65232
 
Jim, I love how consistent you are re AG <g>. I sold AVNX, FNSR, AVCI, and a little VTSS yesterday to buy more RMBS. Might be crazy! That law suit with Infineon is starting in VA I believe on the 23rd. That plus it did not look like it has come as far as the others, Intel reducing P4 prices, etc. We will see.... Morning porchers! tim