Linked by Thom Holwerda on Thu 22nd Jan 2009 15:37 UTC
Microsoft After much, much, much speculation, Microsoft let the cat out of the bag today: due to weak results, Microsoft is going to cut 5000 jobs. Those 5000 jobs will disappear over the course of 18 months, with 1400 jobs being cut immediately. Quarterly results, as well as the cost-cutting measures, were made known in a press release today.
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RE: Oh, buy!
by Rahul on Thu 22nd Jan 2009 17:02 UTC in reply to "Oh, buy!"
Rahul
Member since:
2005-07-06

Red Hat announced it's quarterly results recently.

http://news.cnet.com/8301-13505_3-10128256-16.html

"To put this in perspective, last quarter Red Hat grew 29 percent over its first-quarter revenues, while in third-quarter 2007 it grew revenues year over year by 28 percent.

In other words, the third fiscal quarter of 2008 (which ended November 30) demonstrated another solid performance by Red Hat,"

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