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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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This could be very good or very bad. You will have to see.
I work for a privately held company. When we lost a boatload of money a few years ago, the company restructered to cut costs and increase revenues for the long term. There were no layoffs to meet next quarters numbers. Some facilities did close, but reductions were met by people who refused to move to keep their jobs (everyone was offered their job at a different facility).
I hope this move is to help insulate your company from quick (and often devastating) decisions the stock markets often demand.
On the other hand, the buyers could be looking for a quick buck. They could dismantle the company and sell off its patents or license its manufacturing whle shutting down operations. They might want to flip it into a steady revenue stream and kill off R&D and reduce manufacturing to minimal staff.
I wish you the best.
__________________
Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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