This may be old news but the local Seattle WA (near where INSP is based in Bellevue) just released it. Doesn't look good. I suggest you "longs" be careful... This is gonna be worth $1 (if even) in the not too distant future. And no I'm not a short trying to drive down the price. Just an FYI for those of you unable to read the "local press" that INSP is laying off 21% of its workforce. ----L.V.R.T.
The word is already out. It sounds like you might be one of the unlucky one's. Sorry for your luck. If you're smart you'd buy now and make some real money. Trust me the job market in IT and every other industry across the nation is so tight those 250 people won't be unemployed very long. INSP is only looking out for it self, which is what every share holder would hope it would do.
This article expresses positive news about layoffs and states this was expected event and desireable. The employee 'beast' as the article puts it, must be controlled, and insp has taken appropriate measure. Shorts are running scared.
This does not mean INSP is going bankrupt or going out of business. For your information, I read in another article on Excite, that Jodi Hanson, senior vice president of INSP said new guidance will be forthcoming in a few weeks. She said the company is not expecting to do any worse than previously anticipated. If their new guidance isn't going to be worse, it can only be better.