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timhyma

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timhyma

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Re: skipper66 post# 535

Sunday, 02/15/2009 7:42:12 AM

Sunday, February 15, 2009 7:42:12 AM

Post# of 895
Some steps they are taking
Streamlining & Efficiency Measures
• CEO and top officers
– Salaries cut up to 15%
– Earned cash bonuses and stock options scheduled to be paid out in early
2009 returned to the company
• 10% reduction in global employees
• Consolidation of California offices into Emeryville headquarters
• Closure of two satellite offices in Karachi and Rawalpindi
• Freeze on capital expenditure for the remainder of fiscal 2009

Small Cap plays: #board-865
Big Board plays: #board-711

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