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To: rudedog who wrote (44926)	1/25/1999 8:30:00 AM
From: Calvin	Read Replies (1) \| Respond to of 97611

DJ 01/25 08:18 [MSFT] *MICROSOFT DECLARES 2-FOR-1 STOCK SPLIT

To: rudedog who wrote (44926)	1/25/1999 8:35:00 AM
From: rupert1	Respond to of 97611

Rudedog: It is much more difficult to lay off a work force in Europe than in the US. It used to be very difficult in the UK until Thatcher weakened the power of the Trade Unions. Now it is almost a easy as in the US. In France and Italy there can still be a political rumpus. Germany is qualitatively different. After World War II Germany was able to rationalise its labour relations from scratch, in a way not possible in other European countries. Part of this rationalisation required formal contracts between employers and workers, and statutory processes for labour having a say in corporate plans especially those that would affect labour contracts. COMPAQ recognised this early on after it announced the proposed 15,000 lay-offs and stated then that the German lay-offs and some of the other Euroepan lay-offs would take time and would not occur until 1999.