[quote=ltsdd]15% cut….sounds like Q is in self-preservation mode. In conference call, there’s not much substance as to how it plan to grow. It’s mostly about cost reduction. Doesn’t sound like a solid strategy to right the ship. The reduction in bonuses/RSU for a total of $300 mil is going to hurt.[/quote]
I called this a year and a half ago when Paul stepped down. Sad that I’m right but not surprising.