autodesk stocks.
polycounter lvl 18
thought this was pretty interesting:
http://www.google.co.uk/finance?client=ob&q=NASDAQ:ADSK
and some of the stuff linked:
http://www.reuters.com/finance/stocks/keyDevelopments?symbol=ADSK.O&rpc=66×tamp=20090521200500
http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/05-21-2009/0005031135&EDATE=
general motors got 5 days or they'll go bankrupt.
anyone think the financial crisis might topple autodesk?
"The restructuring plan will result in a staff reduction of approximately 430 and the closure of certain facilities. The staff reduction will be partially offset by the hiring of approximately 100 key positions in select areas."
oh and "Revenue was $426 million, a decrease of 29 percent compared to the first quarter of fiscal 2009. "
in the financial world, that is pretty much a death sentence it seems.
GM shares dropped 12%, and people are jumping around and screaming over that.
http://www.google.co.uk/finance?client=ob&q=NASDAQ:ADSK
and some of the stuff linked:
http://www.reuters.com/finance/stocks/keyDevelopments?symbol=ADSK.O&rpc=66×tamp=20090521200500
http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/05-21-2009/0005031135&EDATE=
general motors got 5 days or they'll go bankrupt.
anyone think the financial crisis might topple autodesk?
"The restructuring plan will result in a staff reduction of approximately 430 and the closure of certain facilities. The staff reduction will be partially offset by the hiring of approximately 100 key positions in select areas."
oh and "Revenue was $426 million, a decrease of 29 percent compared to the first quarter of fiscal 2009. "
in the financial world, that is pretty much a death sentence it seems.
GM shares dropped 12%, and people are jumping around and screaming over that.
Replies
doesnt' really mean much... it means they didn't make as much... but are they in the red or the black?
The stock price is healthy, it's consistent, it's not in flux, it's even gaining.
I would not be surprised if healthy companies are using the financial situation of less well off companies to trim down the company fat... lose less productive employees or lose questionable branches that either aren't making money or not doing the greater whole any good (R&D, service/support, products, etc)
Keep in mind GM is loosing TENS OF MILLIONS a week in order to continue operating, Autodesk is not.
Autodesk has just announced it will reorganize a few departments to cut costs.
It hit a low in march when they announced their Q1 results and further cuts for Q2, but it rebounded almost immediately afterward.
Overall it looks pretty healthy.
Just diversify.