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To: robbie who wrote (34322)	10/8/1998 4:22:00 PM
From: Elwood P. Dowd	Respond to of 97611

Under pressure, Packard Bell to lay off 20% of staff By Margaret Kane, ZDNet Packard Bell NEC Inc. will lay off 20 percent of its U.S. work force by the end of the year, the company said Thursday. Packard Bell NEC, a division of NEC Corp., said the cuts would stretch across all areas of operation, resulting in between 750 and 1,000 people losing their jobs. No cuts are planned for the company's European, Latin American or Asian operations. The cuts are part of a strategy to reduce fixed costs to return the company to profitability, the computer maker said in a release. "It is a difficult course to take, but we will emerge from it a stronger, more disciplined and more focused company," CEO Alain Couder. Fall from the top PB-NEC, the No. 5 PC maker in the US, has struggled in recent years. Once the unquestioned powerhouse of the consumer PC, the company now faces tough competition from Compaq Computer Corp., Gateway Inc. and Dell Computer Corp. In July, NEC said it would give an additional $225 million to the company, boosting its stake to 52.81 percent. The move followed the surprise departure of Packard Bell founder Beny Alagem earlier that month, amid rumors he had been pushed by an unhappy board. Couder, a former Chief operating officer at Group Bull, was named as his successor. Bull is a minority investor in PB-NEC.

To: robbie who wrote (34322)	10/8/1998 4:29:00 PM
From: Kelvin D. Nakamichi	Respond to of 97611

Robbie; Best McCoy so far. ROFL! I give it 9.5 Kelvin

To: robbie who wrote (34322)	10/8/1998 4:36:00 PM
From: Elwood P. Dowd	Read Replies (4) \| Respond to of 97611

robbie..... nah, I don't think that the small investor will go away. No one on this thread panicked and sold. Besides, who could ever give up the great American past-time, arm-chair gambling??? EXCELLENT McCoy on your part!!! El