Finisar Furlough Queried
At least one analyst thinks the tactic could pay off. Shaw Wu of AmTech Research writes in a note today that SAN/LAN component maker Finisar Corp. (Nasdaq: FNSR) appears to be "in the midst of a firm-wide holiday lockdown with the exception of key revenue-generating employees."
Finisar had the answering machine on; no one could be reached in person to verify or deny. But Wu notes that if it's true the company's taken a temporary powder, the cost savings could make a dent of as much as $1 million in the company's operating expenses, which he estimates will be about $21.3 million for the January quarter.
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