Chicago Tribune | Divine shareholders

Chicago Tribune | Divine shareholders endorse reverse split
I have no comment regarding this, other than pointing out the following quote:

“Divine’s chief financial officer, Michael Cullinane, said more layoffs are in store as the company works to conserve cash and turn profitable. Divine’s 3,300-employee headcount “will go lower in the next month or so,” he said. Cullinane projected the company will be cash-flow positive by the end of the year, with annual revenues of about $650 million.”

Whatever… Don’t advertise the fact you’re going to lay people off…

This entry was posted on Wednesday, May 22nd, 2002 at 2:38 pm and is filed under work. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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