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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Lazlo Pierce who wrote (9653)	6/4/1998 7:52:00 PM
From: Market Tracker	Read Replies (1) \| Respond to of 18691

"After Thursday's close, Motorola (MOT) said it will slash 10 percent of its worldwide work force in the next year and take a $1.95 billion pretax charge due to stiff pricing competition and decaying demand in the semiconductor business. The development, largely brought on by the Asian economic crisis, will probably result in second-quarter operating earnings being "well below" consensus forecasts. The firm said an operating loss in the quarter is possible. Wall Street had expected Motorola to earn 25 cents a share in the quarter." -CBS Marketwatch Yes it does look as though MOT will be tomorrow's disaster d' jour.

To: Lazlo Pierce who wrote (9653)	6/4/1998 10:27:00 PM
From: Ploni	Respond to of 18691

Motorola Inc., citing deteriorating demand for its semiconductors, Thursday said it plans to slash 15,000 jobs and take a $2 billion restructuring charge in the second quarter. The cuts, which represent about 10 percent of the company's worldwide work force, are scheduled to take place over the next 12 months. Motorola ran an advertisement in late April for a lead electrical engineer for their newly expanded Ft. Lauderdale facility, and I answered the ad. I received a phone call from a guy named Carlson, who gave me a hard time because my resume shows I switch jobs every year or two. (I've mostly worked on contract, so when I finish the project, I have essentially worked myself out of a job.) I spent an entire day (April 30) working up a pretty follow-up letter and references, but never heard from them. Carlson and Motorola didn't even have the decency to send me a rejection post card. As you all know, I'm so smart, hard-working, conscientious, and good-looking that I am certain that had Motorola hired me, I personally would have saved them about $2 billion. But they blew it, and as far as I'm concerned, the entire company can go under.