Word: ibm
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...head of IBM (IBM) told some of his U.S. workers that they would be fired, but could stay with the company if they were willing to move to India. IBM is generously offering to pay their relocation expenses, but doesn't answer the obvious question of why the people were hired in the U.S. in the first place. IBM just had a record quarter and forecast a strong 2009. Even though this company is fat and happy due to its robust sales, it must have decided that it had been overzealous in its hiring...
...IBM (IBM) also reported extremely good earnings and said 2009 would be at least as good. Only one of its five major businesses would need to get into trouble for that forecast to come unglued. If sales in its hardware operation fall apart, its earnings forecasts could be off by a significant amount. All of those investors that looked at IBM as a good gamble would end up losing money...
...Previously worked for rivals IBM and Compaq, and served as COO of computer reseller Intelligent Electronics...
...Cook heads Apple's Macintosh division and prior to joining Apple was VP of Corporate Materials at Compaq. He also spent more than a decade at IBM in leadership in manufacturing and distribution...
Before joining Apple, Cook was VP of Corporate Materials at Compaq, responsible for procuring and managing product inventory. He also was the COO of the Reseller Division at Intelligent Electronics. In addition, he spent more than a decade at IBM in leadership in manufacturing and distribution...