TechCOW - The Geek Within

GPS Industries Incorporated seems to have filed for bankruptcy and this has been the trend for corporations in the same service. I have seen a couple of corporations close in the midst of the financial crisis and some did lose their jobs because of chapter 11. It has been a hard year for the US but they are trying their best to have recovery on track. This last quarter has achieved small growth but I hope no corrections will be made that would get this to negative GDP. Even those in Asia like Japan and Korea posted positive earnings at the beginning of the year signaling a possible end to the economic crunch. AT & T posted similar retrenchments for the same period and a couple of small gaming software corporations in the state of Texas also closed down. Texas has been like my third home and when I asked my cousins who work for a local telecommunications company it will continue to do so until there is a registration of greater earnings in the last fiscal quarter. I hope they do so or else my 2 of my relatives would lose their job. I have seen similar filings of chapter 11 through an Austin Bankruptcy Attorney and they have helped a lot. They probably have seen all the aspects like merging with other corporations to increase capital but sometimes it is already too late. Restructuring and eliminating redundancies for both companies would cost more also since the separation pays would depend on the number of years these employees have served these entities. Texas state government needs to step up to the plate and include specific industries that have huge potential for growth. I would not want to see talents of software engineers from that part of the globe just go to waste because of mergers. In some ways, it would be safer to just do stock options instead of taking over the whole thing since they have respective structures in place. The President has already taken necessary steps to help information technology companies and it is up to the state to grab and qualify them on the stimulus package. It will eventually run out soon but I hope lawmakers make the right choice before it's too late.






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