Qcom to cut 2000 jobs ?

[Coronita]

[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.

[XBoxBoy]

Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy

[XBoxBoy]

Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy

[XBoxBoy]

Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy

[XBoxBoy]

Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy

[XBoxBoy]

Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy

[Coronita]

[quote=XBoxBoy]Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy[/quote]

Because I don’t work there anymore for a long time, and really don’t know. Since 2000, frankly. Though my motorola advisor did tell tell me to stock up on QC stock when i was an intern in 95.
These rumors come and go. The talk in the sorrento valley foodcourt was about “Spinco” some time, and well now with the settlement, you know where that is going, and especially with the dude from QCT that went to MOT to run it, that was an clear indication.

A lot of them are just that rumors. You can confirm with folks if there is a hiring freeze or not.
Those small “layoffs” that do occur usually are in support organizations and/or organizations that aren’t making money… IT dept, (omnitracks/or whatever it was for instance). And you can learn about them if you attend some of the San Diego technology working groups, as well as every other company that are getting hit. You just have to have your ears more tuned to what people are saying and do less of the talking.

I don’t disagree CV prices are going to come down. But again, it’s not going to be because of 1 employer or 2, unless there is a complete meltdown. The issues are going to occur because the entire economy is in the slump. QC like any big company has a lot of red tape, and their probably is a lot of fat to trim. No different than rest of corp america. But unlike other traditional wireless CO, QC is probably in a unique position in which they make money on (1) IP (intellectual property) and (2) chips. There is no other company is the wireless business that has as much a monopoly on this market as this company

Using QC as a bellweather to predict home prices probably isn’t as accurate as the more macro economic issue going on. Because there’s much more employers than just QC. And some of the older folks really are just not the ones that are hurting.

[Coronita]

[quote=XBoxBoy]Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy[/quote]

Because I don’t work there anymore for a long time, and really don’t know. Since 2000, frankly. Though my motorola advisor did tell tell me to stock up on QC stock when i was an intern in 95.
These rumors come and go. The talk in the sorrento valley foodcourt was about “Spinco” some time, and well now with the settlement, you know where that is going, and especially with the dude from QCT that went to MOT to run it, that was an clear indication.

A lot of them are just that rumors. You can confirm with folks if there is a hiring freeze or not.
Those small “layoffs” that do occur usually are in support organizations and/or organizations that aren’t making money… IT dept, (omnitracks/or whatever it was for instance). And you can learn about them if you attend some of the San Diego technology working groups, as well as every other company that are getting hit. You just have to have your ears more tuned to what people are saying and do less of the talking.

I don’t disagree CV prices are going to come down. But again, it’s not going to be because of 1 employer or 2, unless there is a complete meltdown. The issues are going to occur because the entire economy is in the slump. QC like any big company has a lot of red tape, and their probably is a lot of fat to trim. No different than rest of corp america. But unlike other traditional wireless CO, QC is probably in a unique position in which they make money on (1) IP (intellectual property) and (2) chips. There is no other company is the wireless business that has as much a monopoly on this market as this company

Using QC as a bellweather to predict home prices probably isn’t as accurate as the more macro economic issue going on. Because there’s much more employers than just QC. And some of the older folks really are just not the ones that are hurting.

[Coronita]

[quote=XBoxBoy]Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy[/quote]

Because I don’t work there anymore for a long time, and really don’t know. Since 2000, frankly. Though my motorola advisor did tell tell me to stock up on QC stock when i was an intern in 95.
These rumors come and go. The talk in the sorrento valley foodcourt was about “Spinco” some time, and well now with the settlement, you know where that is going, and especially with the dude from QCT that went to MOT to run it, that was an clear indication.

A lot of them are just that rumors. You can confirm with folks if there is a hiring freeze or not.
Those small “layoffs” that do occur usually are in support organizations and/or organizations that aren’t making money… IT dept, (omnitracks/or whatever it was for instance). And you can learn about them if you attend some of the San Diego technology working groups, as well as every other company that are getting hit. You just have to have your ears more tuned to what people are saying and do less of the talking.

I don’t disagree CV prices are going to come down. But again, it’s not going to be because of 1 employer or 2, unless there is a complete meltdown. The issues are going to occur because the entire economy is in the slump. QC like any big company has a lot of red tape, and their probably is a lot of fat to trim. No different than rest of corp america. But unlike other traditional wireless CO, QC is probably in a unique position in which they make money on (1) IP (intellectual property) and (2) chips. There is no other company is the wireless business that has as much a monopoly on this market as this company

Using QC as a bellweather to predict home prices probably isn’t as accurate as the more macro economic issue going on. Because there’s much more employers than just QC. And some of the older folks really are just not the ones that are hurting.

[Coronita]

[quote=XBoxBoy]Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy[/quote]

Because I don’t work there anymore for a long time, and really don’t know. Since 2000, frankly. Though my motorola advisor did tell tell me to stock up on QC stock when i was an intern in 95.
These rumors come and go. The talk in the sorrento valley foodcourt was about “Spinco” some time, and well now with the settlement, you know where that is going, and especially with the dude from QCT that went to MOT to run it, that was an clear indication.

A lot of them are just that rumors. You can confirm with folks if there is a hiring freeze or not.
Those small “layoffs” that do occur usually are in support organizations and/or organizations that aren’t making money… IT dept, (omnitracks/or whatever it was for instance). And you can learn about them if you attend some of the San Diego technology working groups, as well as every other company that are getting hit. You just have to have your ears more tuned to what people are saying and do less of the talking.

I don’t disagree CV prices are going to come down. But again, it’s not going to be because of 1 employer or 2, unless there is a complete meltdown. The issues are going to occur because the entire economy is in the slump. QC like any big company has a lot of red tape, and their probably is a lot of fat to trim. No different than rest of corp america. But unlike other traditional wireless CO, QC is probably in a unique position in which they make money on (1) IP (intellectual property) and (2) chips. There is no other company is the wireless business that has as much a monopoly on this market as this company

Using QC as a bellweather to predict home prices probably isn’t as accurate as the more macro economic issue going on. Because there’s much more employers than just QC. And some of the older folks really are just not the ones that are hurting.

[Coronita]

[quote=XBoxBoy]Flu…. Why do I get the feeling your avoiding telling us what you know about layoffs??? Hmmmm????? Trying to change the subject maybe? Hmmmm…..

Just asking,

XBoxBoy[/quote]

Because I don’t work there anymore for a long time, and really don’t know. Since 2000, frankly. Though my motorola advisor did tell tell me to stock up on QC stock when i was an intern in 95.
These rumors come and go. The talk in the sorrento valley foodcourt was about “Spinco” some time, and well now with the settlement, you know where that is going, and especially with the dude from QCT that went to MOT to run it, that was an clear indication.

A lot of them are just that rumors. You can confirm with folks if there is a hiring freeze or not.
Those small “layoffs” that do occur usually are in support organizations and/or organizations that aren’t making money… IT dept, (omnitracks/or whatever it was for instance). And you can learn about them if you attend some of the San Diego technology working groups, as well as every other company that are getting hit. You just have to have your ears more tuned to what people are saying and do less of the talking.

I don’t disagree CV prices are going to come down. But again, it’s not going to be because of 1 employer or 2, unless there is a complete meltdown. The issues are going to occur because the entire economy is in the slump. QC like any big company has a lot of red tape, and their probably is a lot of fat to trim. No different than rest of corp america. But unlike other traditional wireless CO, QC is probably in a unique position in which they make money on (1) IP (intellectual property) and (2) chips. There is no other company is the wireless business that has as much a monopoly on this market as this company

Using QC as a bellweather to predict home prices probably isn’t as accurate as the more macro economic issue going on. Because there’s much more employers than just QC. And some of the older folks really are just not the ones that are hurting.

[paramount]

No listing for qc on California WARN

[paramount]

No listing for qc on California WARN

[paramount]

No listing for qc on California WARN

[paramount]

No listing for qc on California WARN

[Author]

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