Brocade Hits Estimates, Lays Off 110 - Democratic Underground

UpInArms

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Thu May-20-04 09:11 AM
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Brocade Hits Estimates, Lays Off 110

http://www.byteandswitch.com/document.asp?doc_id=53078

Brocade reported revenue of $145.6 million, compared to First Call consensus estimates of $145 million. Its earnings of $0.03 per share met First Call’s forecast. Brocade’s revenue was up 11 percent from last year, and its earnings of $8.1 million were up from a loss of $1.1 million last year.

The switchmaker said it would reduce its staff by 110 employees, or 9 percent of the company, however, in what CEO Greg Reyes called an “organizational alignment.” Part of the move includes consolidation of Brocade's OEM and end user/channel sales team into one, moving manufacturing to China, and outsourcing some research and development to India.

...more...

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gWbush is Mabus

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Thu May-20-04 09:13 AM
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1. time for some more "imaginary jobs" to spring up

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Tempest

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Thu May-20-04 09:56 AM
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2. US jobs moving abroad faster

US jobs moving abroad faster

OFFSHORING: A report suggests that 830,000 US jobs will have moved
abroad by the end of next year, but it's still not clear if this is
really a bad thing for the economy

http://www.taipeitimes.com/News/worldbiz/archives/2004/05/19/2003156155

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Fri May 03rd 2024, 02:11 PM
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