“A recent report of layoffs in Apple’s sales force sparked some controversy, because corporations are supposed to file notice of mass layoffs in advance and Apple PR denied the layoffs. I absolutely believe they happened, despite bloggers who bought Apple’s PR spin. It only makes sense in a weakening economy, when businesses are slashing purposes, to cut salespeople.”
As economy sours, Cisco and others expected to crank up M&As
Cisco Subnet writes that companies like Cisco may look to more mergers and acquisitions this year as a way of coping in a down economy.
“According to report in paidContent.org, JP Morgan analyst Imran Kahn expects healthier companies to swallow up smaller, less healthy ones as the GDP declines 2.2 per cent this year. Among the healthier companies are Cisco, Microsoft, Amazon, eBay, Priceline, Google and Yahoo.”
“Vendor shares in the total disk storage revenues market showed a marked and surprising fall in IBM’s fortunes; its share fell four per cent to $1.31 billion in Q4 08, representing a 22.7 per cent fall in revenue, from $1.695 in Q4 07.”