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Hope and (pocket) change

· 11/05/2008 05:53 PM by Steve Gigl


Yeah, I’m feeling a little snarky for a lot of reasons, only one of which is political.

But it doesn’t matter much how I feel… how does the business world feel about our President-elect? Let’s check today’s industry news:

  1. AMD lays off 500 people worldwide
  2. IBM’s chip unit cuts temp workers
  3. Anadigics cuts 15 percent of workforce
  4. Intersil to cut 9 percent of workforce

Oh.

OK, what about stocks?

The blue- chip index ended at 9,139.27, off 486.01 points, or 5.1%.

Unfair? Yeah. But not nearly as unfair as pinning the subprime mortgage crisis on Republicans, who were the only ones sounding warnings about them several years ago.

UPDATE: Forgot one: Cadence cuts 625 jobs

Category: Politics
Scope: National

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