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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Robert O who wrote (23288)	8/25/1998 8:20:00 PM
From: Fortinwit	Respond to of 70976

I know I read it somewhere that add'l layoffs were in the offing... Maybe <grin> you read it right here: exchange2000.com I should read my own rumor mongering next time. My source had indicated 10% layoffs were coming (July). In reality it worked out to be 15% (I seemed to remember my source saying 25%, but I checked my notes and he did say 10%). I suspect the additional 5% cutback(and salary reductions) mean that business conditions have deteriorated even more in the last month. Either way, this bodes ill for the intermediate term... F.