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Re: Heard on the street
One of my sources, an ex-Harbinger employee, had this to say about the news
today:
"I heard they laid off about 125 people, mostly from the Premenos group out of
Concord, but also some in Atlanta and Michigan. My source told me Golden Gate
Partners, the LBO firm that bought them from Peregrine, upped their demands for
return on equity from 19% to 35%, thus they had to cut costs. My guess is this
is some aggressive dressing up of the financials in order to position them for
an IPO when the market turns around."
What does this mean to the casual EDI user? You make the call!
Best Regards,
Bob
R.T.Crowley - Senior Vice President
Research Triangle Software, Inc.
Suite 200
1135 Kildaire Farm Road
Cary, NC 27511
Tel: +1-919-657-0505
Cell: +1-919-349-3557
Fax: +1-919-657-0589
Web: www.rtseducation.com
www.ediassistant.com
www.cryptobuddy.com
www.rtsz.com
[Non-text portions of this message have been removed]
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