Roy Schestowitz wrote:
> Microsoft getting ready to lay off 17% of staff
>
> ,----[ Quote ]
> | The rumor that Microsoft was set to lay off people on
> | January 15th, 2009 is no longer a rumor but a fact. Staff
> | at Microsoft have been informed that the company is
> | readying major layoffs to its worldwide operations and it's
> | not a small cut, either.
> |
> | Currently Microsoft employs about 90,000 people across the
> | world and from what we're hearing, some 15,000 of those are
> | expected to be giving marching orders come January 15th.
> | That's almost 17 percent of Microsoft's total work force,
> | not exactly a small number.
> `----
>
> http://www.fudzilla.com
index.php?option=com_content&task=view&id=11142&Itemid=38
>
> Debt will come more quickly:
>
> Microsoft May Accelerate Buybacks
>
> ,----[ Quote ]
> | Given the recent weakness in Microsoft's stock, we have
> | assumed the company will likely accelerate its pace of
> | buyback from the September quarter of $6.6 billion to
> | roughly $8 billion for the next several quarters, resulting
> | in a net reduction in fully diluted shares outstanding of
> | 300 million per quarter.
> `----
>
> http://online.barrons.com/article
SB123067859048643923.html?mod=googlenews_barrons
This is all very strange.
Slashing the workforce by 15,000 is only going to save
them $1 billion in one year. The buy backs are $8 billion per quarter?
In reality micoshaft stocks must be in free fall then!!!
They are going to be spending 90 million dollars a day proping up
up their shares!!!
I can't separate charity from desperation here.
Their banking priviledges and lenient regulatory
pass cards will all fade away if their net worth dipped
by some magic amount. They are THAT desperate to not
let that happen.
And when the money does run out what happens?
They will go into catastrophic free fall.
Probably get bought out by Google for peanuts.
None of those investors holding on to micoshaft
shares are going to see its value go up any more.
I think Google, IBM, RHAT, Canonical etc should form
alliances to buy out micoshaft and open source
their entire software portfolio and then ride the
services wave as businesses everywhere convert their
software to Linux and repair everything micoshafty that isn't
going to work any more.
Actions have to decisive and bold for markets to make
decent profits.
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