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To: Elmer who wrote (84871)	7/15/2002 3:54:34 PM
From: Jim McMannis	Respond to of 275872

RE:"That may not be necessary. I'm hearing rumors of mass defections. Heavy losses, worthless options, long hours and poor pay.." Sounds like corporate America in general... Intel is hiring? <<Salary deflation could slow recovery By Al Swanson From the Business & Economics Desk Published 7/15/2002 1:13 PM View printer-friendly version CHICAGO`, Ill., July 15 (UPI) -- The good news is thousands of executives and managers caught up in the wave of corporate downsizing have found new jobs. The bad news is a quarter of the recent job seekers failed to find new positions that paid salaries equal to or better than that at their former employers "That is the worst salary drop-off we have ever tracked, going back to 1986," said John A. Challenger, chief executive officer of Challenger, Gray & Christmas, a Chicago-based international outplacement firm that follows corporate layoff announcements on a daily basis. These are among the most employable of nearly 3 million workers laid-off in the last 18 months -- top executives and managers with high earning potential in a normal economy. The firm's quarterly Job Market Index also found job search times rose to 3.6 months for newly discharged workers in the second quarter from a historic low of 2.1 months in the same quarter of 2001. The uncertainty over employment prospects is undermining the recovery, according to Challenger. "Right now, however, it appears that the economy may continue to stagnate," he said. "Until job search times fall and rehiring salaries increase, most unemployed managers and executives are going to minimize their risk in all matters, including job seeking, investing and spending." Challenger's survey tracked about 3,000 job hunting mangers and executives each quarter from a range of industries. This spring the vast majority did find jobs that paid as well or better than the ones they lost. "In the fourth quarter of last year, only 77 percent of jobless managers and executives won equivalent or better salaries," Challenger said. "Here we are two quarters later -- supposedly in a recovery -- and yet the percentage dropped to 75 percent. The figure was 83 percent in the first quarter this year." More than 11 percent of discharged managers and executives took the plunge and started their own businesses in the first and second quarters, up significantly from the average 7.3 percent who launched start-ups since 1997. "The rise in start-ups may also be an indication that job seekers are wary of re-entering corporate America because of the growing list of scandals," Challenger said. "There is now a perceived risk that a corporate employer may have to restate earnings due to questionable accounting, which could lead to mass job cutting, as it has in several recent examples," said Challenger. Challenger said the trend of longer job searches and lower salaries is worrisome because high-earning and high-spending individuals may have to change their spending habits. "It is clear that employers are in no rush to hire, and apparently they are secure enough to believe they can find the talent they need for a lot less money," he said. "With employment searches nearing the four-month mark, some of these jobless managers and executives will be forced to stretch their money a lot farther, especially considering that the average severance allowance period lasted only three months in the second quarter." Jim

To: Elmer who wrote (84871)	7/15/2002 4:13:18 PM
From: Dan3	Read Replies (1) \| Respond to of 275872

Re: I'm hearing rumors of mass defections from design teams. Heavy losses, worthless options, long hours and poor pay... Sorry to hear how bad things are at Intel, especially from an insider, who should know. Good luck.

To: Elmer who wrote (84871)	7/15/2002 4:49:10 PM
From: Petz	Read Replies (2) \| Respond to of 275872

Intel Banias pushed back six months? <EDITED - see confirmation> Stuffed into an article on the DELL "thin and light" Inspiron 4150, is this from Intel's Robert Manetta: While Intel's Pentium 4 Mobile processor is its most recent product, a new Intel chip, code-named Banias and developed specifically for mobile computers, is set for release in the second half of 2003. Robert Manetta, mobile computing spokesperson for Intel, explained to NewsFactor that in the past, the company has designed microprocessors first, then tailored them to fit on either a server, a desktop PC or a laptop PC. "This is the first chip we've produced that is designed from the bottom up to be used in mobile computing," Manetta said. newsfactor.com As recently as 5/29, in an article about the first Banias demo, xbit labs reported that the chip was due at the beginning of the year: xbitlabs.com Earlier articles said that Banias would be Intel's first 0.09µ chip and also affirmed the early 2002 date. Maybe Intel feels they don't want to have the problem of selling a lower-MHz chip than the P4 when AMD is in the midst of its Hammer ramp. EDIT - just found this - Otellini also disclosed details regarding plans for Intel's upcoming "Banias" mobile processor architecture. Banias processors will be based on a new core design initially optimized for mobile applications and will incorporate innovative low-power technologies to extend Intel's leadership in mobile processors. Banias will deploy new low power circuitry and design techniques to deliver higher performance at lower power. It will also incorporate technology to help enable a new generation of notebooks that will be capable of seamlessly connecting to the Internet and other networks. The technology is expected to be available in the first half of 2003 for the mobile market segment. Over time, Banias will also be incorporated into ultra-dense server products and small form-factor desktop systems on Intel's web site at intel.com So the slip is CONFIRMED Petz

To: Elmer who wrote (84871)	7/15/2002 4:57:40 PM
From: Yousef	Read Replies (2) \| Respond to of 275872

Elmer, Re: "That may not be necessary. I'm hearing rumors of mass defections from AMD's design teams. Heavy losses, worthless options, long hours and poor pay..." I'm really surprised that we didn't hear anything about "cross over" points today from the 'Droids. <ggg> Make It So, Yousef

To: Elmer who wrote (84871)	7/15/2002 7:55:33 PM
From: kapkan4u	Read Replies (2) \| Respond to of 275872

<I'm hearing rumors of mass defections from AMD's design teams. > I'm hearing rumors of mass droppings of a bullshit artist descending on this thread. Kap