Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Big ticket SW Sales Suck- IBM, MSTR, SEBL, BMC

BMC Software to layoff 12% workforce, sees $100M saving (BMC) By Chelsea Bellows
SAN FRANCISCO (MarketWatch) -- BMC Software Inc. (BMC) said Monday after the closing bell that as a part of its planned restructuring it will reduce its workforce by about 825 to 875 employees, a 12% reduction. The company said the realignment will result in annual savings of about $100 million, although it expects to take a first-quarter pre-tax charge of about $50 million to $60 million. The Houston-based company cut its fourth-quarter revenue forecast to a range of $388 million to $400 million from its previous outlook of $410 million to $425 million. It expects to post between a loss of 1 cent and earnings of 3 cents a share for the period.