FishyJoe on 21 January 2009
It seems the general consensus by most analysts who crunched the numbers that the 16,000 layoffs won't be enough. I have a feeling there will be more announced either today or after earnings. Not only job cuts, but they are going to have to sell assets, to whom I don't know.
It will be interesting to see if they lay out all the bad news today or at earnings.
