[quote=pepsi]This is going to hit hard on CV even if they cut only 500 positions.
[/quote]
I guess it depends. Check out the ownership records, if you got an owner on file from 90ies and is an QC employee, I doubt you’re going to find that person/people in *that* much trouble.
(1) their stock options over the past would have been more than adequate
(2) they are probably going to be the last people to get axed ( It’s the seniority and fraternity thing. )
The package was around 2k stock options priced at 40ish share in 96 or 97 with a $38-50k base salary(depending on whether you had a BS/MS…PHD.) (And that was for an entry level position.
You can do the math on the stock splits. This also excludes all espp and successive NQ stock grants.)
Of course, this assumes you were one of the people that didn’t get shafted when QC sold their infrastructure division to Ericcson (people in that deal got screwed.) Or if you were part of Globalstar that somewhat got hit….Or if you went off to go do some of those ridiculous ideas started by folks from QC (*cough* wingcast). Or you went off to NextWave I and/or NextWave II…. However, if you were one of those people that got sold to Kyocera, I think you had a full vesting schedule while you were “on loan” to Kyocera, and after the loan period ended, if you were an oldtimer, you found your way back to QC.
….If you were a late qcommer, your package probably didn’t look the same (as it was noticeably smaller) for entry level position, but then you wouldn’t have stretched so thing to buy an expensive home if you were prudent to begin with.
