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Nasdaq 5000 here we come (again)!
Well, sort of. 5,000 somethings are coming.
January 17, 2014
Intel Confirms Plans to Cut 5,000 Jobs
After reporting better-than-expected quarterly results on Thursday, an Intel (NASDAQ:INTC) spokesperson confirmed to Reuters on Friday that the company plans to reduce its workforce by 5 percent, which accounts for 5,000 jobs. The spokesperson didn’t give a time frame for when the cuts would occur, but did say that they could happen through layoffs, attrition, and other means.
What's 5% among friends?
In the final quarter of 2013, profits at the Santa Clara, California-based chipmaker rose. The company’s stronger results and industry data both suggest the struggling personal computer market has begun to stabilize.
The realization of industry stabilization is clearly evident in the chart above.
Source Data:
St. Louis Fed: Custom Chart
11 comments:
The best way to grow profits to infinity is to keep reducing the work force as the limit approaches zero. Simple calculus that the stock market has obviously figured out.
We are all going to be wealthy on the trillions of dividends that will pour in with nobody working for anyone. The robot utopia is coming! The sarcasm utopia is already here.
Mr Slippery,
The future's so bright "iGotta" wereshapes! ;)
HAUUWWHOOO!
Troy,
I posted that Radioshack link at Calculated Risk back on January 1st. Amazing stuff!
Tech is really slowing down! All my stuff is years old now and I have zero need to upgrade any of it.
Still hobbling along on a 10+ year old computer, but in all honesty, I am well into ridiculous mode. I really should upgrade.
Oops. I posted the link on January 30th. My bad.
I'm not tech savy, so I rely on Wall Street analysts. And they're still bullish! Why?
Something about Killer apps!
Check out some of these Recipes for success!
Deviled quail eggs? Soup shooters? Raw fish meat cones? Kale chips?
Kale is the new spinach, or potato(e).
I'll stick with the Irish caviar, aka mini hot dogs!
mab,
Hahaha!
Watermelon Gazpacho
This no-cook recipe is perfect for summertime meals when you don't want to heat up the kitchen.
"Yellen" for melon!
Kale is the new spinach, or potato(e).
Your spelling reminded of an odd thing I ran across on a local mountain named "Potato Mountain". It is in the front range of the San Gabes. There is a water tank on top and someone painted this on it.
I didn't know Dan Quayle was a hiker.
Mr Slippery,
There is a water tank on top and someone painted this on it.
Nice, lol.
I didn't know Dan Quayle was a hiker.
Not sure about the hiking, but he's no Jack Kennedy! Not that I'd know!
The deviled "quayle" eggs made me think of potatoe!
mab,
"I believe we are on an irreversible trend toward more freedom and democracy -- but that could change." - Dan Quayle
Visionary! It changed big time, lol. Sigh.
Or is it all just a Patriot Act?
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