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Old 02-01-2010, 08:43 PM  
petegz28 petegz28 is offline
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DST to layoff 7 percent of workforce

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About 700 DST Systems employees, likely many of them in Kansas City, can expect to lose work under a company-wide workforce reduction the Kansas City-based company announced this afternoon.

Read more: Kansas City's source for business news | kansascity.com

Man that stimulus is really kicking in, ain't it??? Word has it that Sprint is gearing up for another round of layoffs totaling about 7,000.
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Old 02-01-2010, 08:57 PM   #2
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I heard a rumor that Sprint is going to hire about 10,000 people just so they can have some people left to lay off.
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Colon is 0.7 WAR or 5M in value. He makes 500k. Getting pretty close, and since he's producing war each of the next 4 years of club control, he's fair value for Upton straight up. More than fair actually.
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Old 02-01-2010, 08:58 PM   #3
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I heard a rumor that Sprint is going to hire about 10,000 people just so they can have some people left to lay off.
Of course, by "I heard a rumor", I mean "I started a rumor".
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Colon is 0.7 WAR or 5M in value. He makes 500k. Getting pretty close, and since he's producing war each of the next 4 years of club control, he's fair value for Upton straight up. More than fair actually.
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Old 02-01-2010, 09:00 PM   #4
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Old 02-01-2010, 09:01 PM   #5
petegz28 petegz28 is offline
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Originally Posted by Saul Good View Post
I heard a rumor that Sprint is going to hire about 10,000 people just so they can have some people left to lay off.
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Old 02-01-2010, 09:03 PM   #6
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I heard a rumor that Sprint is going to hire about 10,000 people just so they can have some people left to lay off.
If Sprint does indeed layoff 7k more it would put them at around 13-15k employees. Again, this is just what I have heard, nothing official yet. I can't see how they can stand to layoff that many more but the fact is VErizon and AT&T are both laying off by the 1,000's and they themselves are actually adding customers. Sprint is set to report a net loss of 930k customers for 2009. Sprint is going to be left with Boost\Virgin pre-paid and some business accounts. They are losing contract based customers by the millions.

I knew it would happen the second they paid to have their name on the downtown arena. It is the kiss of death. It seems the first company to put their name on a stadium or arena goes out of business not far after.
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Old 02-01-2010, 09:29 PM   #7
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Originally Posted by petegz28 View Post
If Sprint does indeed layoff 7k more it would put them at around 13-15k employees. Again, this is just what I have heard, nothing official yet. I can't see how they can stand to layoff that many more but the fact is VErizon and AT&T are both laying off by the 1,000's and they themselves are actually adding customers. Sprint is set to report a net loss of 930k customers for 2009. Sprint is going to be left with Boost\Virgin pre-paid and some business accounts. They are losing contract based customers by the millions.

I knew it would happen the second they paid to have their name on the downtown arena. It is the kiss of death. It seems the first company to put their name on a stadium or arena goes out of business not far after.
Talking about Enron?
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Colon is 0.7 WAR or 5M in value. He makes 500k. Getting pretty close, and since he's producing war each of the next 4 years of club control, he's fair value for Upton straight up. More than fair actually.
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Old 02-01-2010, 09:31 PM   #8
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Old 02-01-2010, 09:35 PM   #9
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that net loss of 930k isn't just for 2009, it's for the 4th quarter of 2009.
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Old 02-01-2010, 09:46 PM   #10
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that net loss of 930k isn't just for 2009, it's for the 4th quarter of 2009.
Wow.
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Old 02-01-2010, 10:12 PM   #11
petegz28 petegz28 is offline
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Talking about Enron?
I was thinking TWA.
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Old 02-01-2010, 10:12 PM   #12
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Originally Posted by phisherman View Post
that net loss of 930k isn't just for 2009, it's for the 4th quarter of 2009.
Oh shit!!! I thought it was for all of 09. Holy ****!

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Old 02-01-2010, 11:10 PM   #13
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that net loss of 930k isn't just for 2009, it's for the 4th quarter of 2009.
link? i hadnt heard that. i feel they are going to bounce back in a major way with wimax 4g. they have some great devices coming up and possible deal with walmarts where they would install towers on top of the walmarts spreading out 4g service. if this happens i think they can turn it around.
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Old 02-01-2010, 11:24 PM   #14
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link? i hadnt heard that. i feel they are going to bounce back in a major way with wimax 4g. they have some great devices coming up and possible deal with walmarts where they would install towers on top of the walmarts spreading out 4g service. if this happens i think they can turn it around.
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Sprint is toast. Their managment is terrible. Phish and I both know this from experience. Once Verizon goes public with the I-Phone Sprint can hang it up. And trust me, the 930k number comes from a very credible source.
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Old 02-02-2010, 07:20 AM   #15
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I heard a rumor that Sprint is going to hire about 10,000 people just so they can have some people left to lay off.
Those count as jobs saved.

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