I love 8Ks...
http://phoenix.corporate-ir.net/phoenix.zhtml?c=112660&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NjA1OTg3OSZhdHRhY2g9T04mc1hCUkw9MQ%3d%3d
Essentially PLCM is laying off 150 or 6% of its workforce and has pre-announced earnings. I'm not sure what they had led analysts to before so I'm not sure if this is above or below the previous range. My guess is that it is below.
Most PLCM employees took a 2 week leave of absence at the end of year in 2008. (this never happened in the 5 years I was there). You know things are bad when sales and systems engineers take off for two weeks at the close of the fiscal year.
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