Reports that layoffs will affect 1,300 to 3,000 workers have some Apple employees holding their breath. At last week's Macworld Expo, a testing engineer for Apple refused to give his name when asked to comment on the company's situation. "No way, sister," he said. "There's layoffs coming."
Expectations are much brighter for Intel and Sun Microsystems, whose respective earnings reports are due later today. Analysts expect Intel to report fourth-quarter earnings of $1.10 per share and look to the chip maker's performance as a gauge of the overall health of the technology industry.