Jerry Brown gives happy face speeches and peachy press releases, claiming the State is in recovery and the budget is balanced—both must have been written by Jay Leno’s writers. No facts, just jokes.
Now another 900 jobs are being lost at just one company. In the past three weeks the State has lost 27,500 jobs. Jerry is getting very forgetful–$90 billion in debt and deficits and tens of thousands of lost jobs—but he keeps smiling, or is that a smirk?
“VMWare plans to eliminate 900 jobs and streamline its operations, taking a charge of between $90 and $110 million.”
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Jon Xavier, Silicon Valley Business Journal, 1/28/13
VMWare plans to eliminate 900 jobs and streamline its operations, taking a charge of between $90 and $110 million.
According to a filing with the Securities and Exchange Commission Monday, the company will be making a “planned exit of certain business lines”, to be completed by the end of 2013.
In it earnings call Monday, the Palo Alto virtualization software company reported a 22 percent increase in revenue to $1.29 billion and earnings of 81 cents a share in th Q4 2012, beating analyst estimates of 78 cents a share on $.28 billion revenue. The company significantly slashed its outlook, however, projecting revenue in the range of $1.17 billion to $1.19 billion, compared with $1.25 billion expected by analysts.
VMWare shares fell 15 percent in after hours trading to $83.85.