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EarthLink disconnecting 900 workers
Posted by Fired Fred on August 28, 2007 3:50 PM
Wall Street partied hard when EarthLink announced it would send 900 workers to the unemployment line. Seriously, check it out, it went up 48 cents a share when rich people found out EarthLink was creating plenty of applicants for Wal-Mart greeter jobs.
If you read a little bit more, it looks like EarthLink is on its way to being roadkill anyway...
The moves come as the company continues struggling to generate revenues as dial-up access customers turn to high-speed alternatives from cable and phone companies."Struggling to generate revenues" is 21st Century speak for "dinosaur thrashing in its death throes while Thog and Urp decide how they want to carve up the meat."
Watch what happens to the stock tomorrow, when people realize that everything EarthLink touches, dial-up, municipal wi-fi, and the Helio wireless stuff in Korea, turns to loads of aromatic poo. Fired by EarthLink? Fired by the stockholders next, I'll bet.