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Technology Stocks : Seagate Technology -- Ignore unavailable to you. Want to Upgrade?


To: fiberman who wrote (4524)1/15/1998 3:39:00 PM
From: Sam  Respond to of 7841
 
Was that the facility that they just started up last spring or another one? What R&D did they do there? Isn't anyone even being relocated?

Well, for what it is worth, from what I hear about the San Jose area, anyone with any technical expertise will be able to find a job in no time. Probably with a signing bonus, according to the scuttlebutt in the press.

Even so, it is hard if you've worked for a company for a long time. Been there. Actually made more money the year I was laid off than the year before, counting all of the severence pay, the consulting contract that they offered a week later (such sweet guys), and the job I took later in the year--and that was in 91-92, when layoffs were rampant, and unemployment twice the rate it is now.



To: fiberman who wrote (4524)1/15/1998 4:25:00 PM
From: ptrader  Read Replies (1) | Respond to of 7841
 
I heard the same thing. I also hear that Seagate would be reducing headcount by about 20,000 worldwide. What will be left is the CDC and Conner groups. All the old Seagate folks will be gone.



To: fiberman who wrote (4524)1/15/1998 8:10:00 PM
From: stock bull  Read Replies (1) | Respond to of 7841
 
I might add that the Engineering site in Moorpark is being closed down. My wife works there. So, this has become a very personal situation for us.

Stock Bull