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Thread ID: 60002	2005-07-19 15:09:00	HP to cut jobs, by 10%	ERR (8231)	PC World Chat

Post ID	Timestamp	Content	User
373583	2005-07-19 15:09:00	HP to cut jobs, by 10%, not too sure how big 10% is the news media live in twilight zone, (as seen on TV1 BBC news, were the only programs worth seeing is between 1am and 6am) Looks like a big factory must be a lot of people . My first printer, a daisy wheel, only printed about ten pages per ribbon, My second printer, dot matrix, printed boxs and boxes of paper never gave any trouble, My third printer, jet ink, gave trouble on the first rim of paper . I was in a electronics repair Email group based in the UK, I described the problem I was haveing, I had three replys, who identified the make of the printer without any problem . My forth printer was given to me, refilled the cartridge myself many times, worked great until it needed a new cartridge, then it was cheaper to buy a new printer . My fifth printer, a laser printer, The pages fly out . .	ERR (8231)
373584	2005-07-19 15:43:00	HP to cut jobs, by 10%, not too sure how big 10% is the news media live in twilight zone, (as seen on TV1 BBC news, were the only programs worth seeing is between 1am and 6am) Looks like a big factory must be a lot of people . My first printer, a daisy wheel, only printed about ten pages per ribbon, My second printer, dot matrix, printed boxs and boxes of paper never gave any trouble, My third printer, jet ink, gave trouble on the first  ream of paper . I was in a electronics repair Email group based in the UK, I described the problem I was haveing, I had three replys, who identified the make of the printer without any problem . My forth printer was given to me, refilled the cartridge myself many times, worked great until it needed a new cartridge, then it was cheaper to buy a new printer . My fifth printer, a laser printer, The pages fly out . . this message could not be posted because I edited it, and the edit was too short I lost my cool "HEAR !!!!!! " at home %^$#$%%$# . IS THIS LONG ENOUGH OR WOULD YOU LIKE MORE !!!!! TALKING CLOCK Proudly showing off his new apartment to a couple of his friends late one night the drunk led the way to his bedroom where there was a big brass gong . "What's that big brass gong for?" one of the guests asked . "It's not a gong . It's a talking clock" the drunk replied . A talking clock? Seriously?" asked his astonished friend . "Yup" replied the drunk . "How's it work?" the second guest asked, squinting at it . "Watch" the man said . He picked up a hammer, gave it an ear shattering pound and stepped back . The three stood looking at one another for a moment . Suddenly, someone on the other side of the wall screamed " You f___ ing ******* . . . . it's ten past three in the morning!"	ERR (8231)
373585	2005-07-19 18:07:00	In news about HP: (C/P from MSN NEWS) The company also said that as of January 2006, it will freeze the pension and retiree medical-program benefits of current employees who do not meet defined criteria based on age and years of company service . Instead, HP plans to boost its matching contribution to most employees’ 401(k) plans to 6 percent from 4 percent . The company said these changes won’t affect benefits currently received by retirees or eligible employees who are longer-serving and close to retirement age . Existing employees will retain benefits they have already earned . The company’s stock has risen about 19 percent since Jan . 1, though it remains well below its peak during the technology boom . The restructuring, which has been anticipated since former NCR Corp . CEO Mark Hurd was named chief executive less than four months ago, is within the range expected by most analysts . A few suggested the number could be as high as 25,000 . In May, Hurd described the cost structure at some of the sprawling company’s divisions as “off benchmark . ” HP also plans to dissolve its Customer Solutions Group, which is responsible for sales to small and medium-size businesses and public-sector customers . It will merge the sales function directly into three individual business units — Technology Solutions Group, Imaging and Printing Group and Personal Systems Group . My note: This is gonna hurt the California tax base from Silicon Valley, as every $ of next year's taxes have already been spent by this state . Anticipatory taxes are what got this state into trouble a few years ago, and the cyclical deviations from when the doc-com bust happened before that, there was a stampede of people just walking away from multi-million dollar homes all over the place . We expect to see more of the walk-aways again as the interest on real-estate loans and base taxes will start their domino effect all over again . Houses will be "Free-take over payments" for anyone who wants one . Homes at $US 1 . 5 million and above were going for $US 200 . 000, and they still had no takers . Porsches and BMWs were left standing in the driveways and garages, several if not many months in arrears for payments . 401(k) plans are when an employee is allowed to deposit funds toward their own retirement with the employer putting in a certain percentage too . These funds can be drawn upon (with severe financial penalties) prior to maturation . The banks that have these funds in deposit don't just let them larder in the vault either . . . they have the money out working and now that there appears to be a call for the funds all of a sudden, this will make the banks raise interest rates and clamour to gather the funds to be able to pay out to people who make early withdrawals . Thus starts the vicious cycle of supply-demand . It looks like the poop is gonna hit the fan again . . and Arnie is at the wheel .	SurferJoe46 (51)
373586	2005-07-19 20:34:00	It also said that te cuts won't be management. Of course not. Just workers. Why not when they can outsource even more of it. Customers won't mind will they.... :p	pctek (84)
373587	2005-07-20 22:28:00	HP: We're still paternalistic; we're just cutting the kids out of the will: With a pay package worth at least $15.3 million, I'm sure Hewlett-Packard's new chief information officer, Randall Mott, isn't overly concerned that his new employer is overhauling its retirement plan. But HP's rank and file certainly are. Hard not to be, when your retirement prospects shrivel before your eyes. That's essentially what happened yesterday, when HP replaced its fixed-benefit pension plan with a less costly 401(k) plan that will save the company $300 million annually. As Mercury News columnist Mike Langberg notes, it's hard to argue with HP's urge to cut retirement costs. Intel and Dell, for example, don't offer any kind of pension plan at all. Still, it's sad to see HP take such a big step away from the paternalistic ideals of its founders. "The lamented and long-gone 'HP Way' set a precedent for treating employees with respect and delivering the best possible benefits -- not seeking to blend into the middle of the pack," writes Langberg. "[HP CEO Mark] Hurd perhaps had no choice other than to do what he did. Much like the crisis in health care, the squeeze on pensions is a bigger problem than any company can solve alone. But it's a shame he couldn't show some compassion, or some determination to help society as a whole tackle the increasing knotty problem of how ordinary hard-working people can retire without falling into poverty."	SurferJoe46 (51)
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