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To: Chuzzlewit who wrote (47369)	6/13/1998 10:21:00 AM
From: Walt Corey	Read Replies (1) \| Respond to of 176387

re:be a merger made in hell. Chuz, I think we will find that this merger will make the CA/Cullinet merger look like a love in. Atleast CA was in the same business sorta. The greater Boston high tech market is not a good place to be with ANOTHER 15,000 people looking for work. I personally know of people that went from high tech to cabbie almost overnight. And whats worse, as Jim or Bachman said about moral being low, these guys know precisely whats heading their way. My heart really goes out to these guys, especially the ones over 40. Walt

To: Chuzzlewit who wrote (47369)	6/13/1998 11:54:00 AM
From: John Koligman	Read Replies (2) \| Respond to of 176387

Chuzzlewit, I would only add that as painful as it is, this layoff is small potatoes compared to the 180,000 or so people that IBM shed during the late 80's and early 90's. I would say there is a good chance that morale was much worse at IBM, in addition to the fact that many let go were long term stockholders, and when they were let go the stock had tanked. The point is, the layoff and morale really mattered very little from that point forward, as IBM's stock price went from 40 to 240 (pre-split) today.... John One interesting point - IBM started to emphasize services during the turnaround, which also appears to be a centerpiece in CPQ's strategy going forward....