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

To: James F. Hopkins who wrote (23553)	3/27/1998 10:37:00 PM
From: robbie	Read Replies (2) \| Respond to of 97611

Address:ÿ 111 Powdermill Road Maynard, MA 01754 Phone:ÿ (978) 493-5111 Fax:ÿ (978) 493-7633 Industry:ÿ Computer Hardware Sector:ÿ Technology Employees:ÿ 54,900 James, I have also heard layoffs will approach 20,000. The company has 54,900 employees. This would be roughly 36% of the employees laid off. It's also my understanding that they will receive a nice severance package. ~ year's pay. All of this is hearsay, of course. Robbie

To: James F. Hopkins who wrote (23553)	3/28/1998 7:03:00 PM
From: John Koligman	Respond to of 97611

James - I don't like to see layoffs either, but would not be surprised at fairly large layoffs at DEC, especially in view of what is going on currently in regard to CPQ's earnings. I'll simply use IBM as an example. Back in 1985, IBM's workforce topped out at around 403,000 employees. By the early nineties, that number was around 215,000, now higher because they are hiring 15k employees or so each year for expansion in their services division. Point is, IBM in one form or another got rid of close to 200,000 folks.... When it came to dollars, skill did not matter too much (although in retrospect it certainly did, as IBM ended up hiring lots of talent that left as contractors/consultants). Think of it, 200k folks is a nice mid sized city.... John