Well, the other angle is “cost-cutting” to drive up short term profits is

a)bad news for employees

b)good news for shareholders

If in doubt, just look at HP and talk to some former employees there.

However, cost-cutting because company is totally foobared/screwed after posting hefty losses generally is not good news for anyone….

Also, short term stock movements appear to be more sentiment driven than any other rationale.

Anyone want to bet today Intel’s going to report good profits, but wall street will be disappointed because although they probably will beat estimates, they didn’t beat “whisper” numbers or some B.S. like that. Me thinks the run-up in the chip sector is about over, short of something spectacular from intel