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Will Microsoft save marchFirst? | |
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| Time: 00:25 EST/05:25 GMT | News Source: News.com | Posted By: Robert Stein | ||
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The software giant quietly loans the troubled Web integrator $12 million -- interest-free. And IBM and Novell aren't ready to jump ship, either. The financial backing comes at a critical time for marchFirst. The Internet professional-services firm earlier this month dismissed about 1,000 employees -- roughly 10 percent of its workforce -- as demand for the company's services declined. marchFirst also postponed a financial-guidance conference call, saying executives needed more time to complete the company's 2001 business plan. The postponed call now is scheduled for Nov. 28. | ||
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