Now what do you think the board will do to make SYMC worth the price they were asking? Only one thing is proven to work.
8 replies (most recent on top)
'Just laying off employees ain't going to help. Symc now has to prove that it is worth $28 per share as a standalone company.
If this deal doesn't goes through, the next earnings would be difficult for Symantec'
Whole heartily agree with this poster's comment. 100% on the money. As a shareholder... where is management going to get the $28 per share from. Shares already taken an nose dive.... Ill be listening to the next earnings call with interest.
I would bet there will be more than 2000 jobs going unfortunately. How can management say that the Co. is worth $28 per share....
Just laying off employees ain't going to help. Symc now has to prove that it is worth $28 per share as a standalone company.
If this deal doesn't goes through, the next earnings would be difficult for symantec
sh!t executives and board thinks this cow is more than 28 / share. I cannot believe their arrogance trying to milk the sale.
Lot of secret stuff going on and we're kept in the dark. I no longer trust this company after cooking the books and blaming it on some disgruntled employee.
Grapevine says around 1600 from Enterprise. Not sure where the rest are gonna be from, but it's been said that the love will be spread around. Wouldn't be surprised if shared services takes a haircut based on prior statements.
Good lord, 2K people just from Enterprise?
Two-thousand people on their way to the wood chipper within the next weekish. Another round rumored after that.
Current cuts would already be baked in... Walking away from the table will establish a new baseline for what SYMC is ACTUALLY worth to a real buyer.
They're already in the middle of a ton of cuts, so once that's done we'll see what's left.