Friday, September 01, 2006

Intel thinking about cutting 20,000 jobs

Market Watch has the article here.

4 comments:

Robert and Rachel said...

Not thinking ... going to! How sad for my old stomping ground. I'm wearing my Intel shirt today. Props to them all. But there is a silver lining - anyone who ownes Intel shares should see a boost in their stock portfolio tomorrow. One of the biggest dichotomies between the employee and employer.

Andrew and Joanne said...

That's a bummer.... Did you happen to get in on that stock Rob? ;)

Chris said...

The stock probably did inch a little higher =).

Robert and Rachel said...

Intel's stock inched higher, but then it fell... Wall Street had expected them to dump more jobs. It's funny the way WS works. The analysts had valued Intel's stock as if they were going to lay off 15k jobs. When they "only" layed off 10k jobs, the analysts suddenly found their valuation too high... so Intel's stock fell. Strange the ways of the Street.