Staff reduction is a good sign that NTAP managment are able to reduce their expenses to stay financially fit and healthy, it is a sign that skilled management in charge to preserve the organization long term viability and survival or the organization. The stock is trading at a bottom and we should see a run up.
EMC is taking off and NTAP is near lows? Mgt needs to become a sales driven company again, before the startups eat their lunch. Company is top heavy and too concerned about being a great place to work. Mgt needs to cut more staff, clean up marketing and get rid of the dead weight. I am ready to dump position and pick a few growth cloud companies. The CEO needs to get this moving now! Where is he?