Their prospects are looking like the Mac OS X version of Quickbooks:
Under the new alignment, Intuit will streamline operations, particularly in its general and administrative functions, and reallocate those resources to invest in key growth businesses and accelerate innovation. As a result the company will eliminate approximately 575 positions, or about 7 percent of its workforce. (Intuit)
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Where are the excessive parties and Herman Miller chairs?
If oil were to reach $150 a barrel, it would bring the market capitalization of oil and gas equity in the S&P 500 U.S. stock market index to more than 25 percent, exceeding the valuation of technology stocks at the peak of the Dotcom bubble, Deutsche Bank estimated in a research note.
“The obvious parallel in our mind is we think oil is overvalued where it is priced based on the underlying fundamentals, which is a parallel to the Dotcom boom and bust,” said Michael Waldron, oil analyst at Lehman Brothers. [Reuters UK]
No Comments145 positions terminated at Citigroup [Jacksonville.com]
A few hundred from Washington Mutual as well [BizJournals.com]
No CommentsSpeculation about this plant closing has been in the local papers for a decade. One time, they’ll get it right.
IBM is thriving, except for the division that includes Vermont’s microelectronics plant.
Revenues and profits have increased substantially, and IBM’s stock is trading near its 52-week high of $130 a share. But the computer giant’s Systems and Technology division, the business group that includes the Essex Junction plant, has seen revenues lag — alarming local workers and fueling rumors of large-scale layoffs.
Company spokesmen have said little to quash the concerns, sticking to a policy of not commenting on rumor or speculation. [Burlington Free Press]
No CommentsNot a business model…
Young man’s video site Heavy will lay off nearly a quarter of its staff — 25 out of 105 workers (Valleywag)
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