How many employees does 60% equal? Were they primarily connected with Uvidem?
From a purely structural perspective, I don't see it as negative news. If you need to cut costs, do it now, don't wait to do it until after potentially good news (long-shot admittedly). If there is a buyout, you're able to "show better" with fewer structural liabilities... (remember the days when employees weren't called structural liabilities?)
Looking for another drop today in the am, but probably closing somewhere near same 0.72 range.
Uberhahn