For my Genentech brothas'

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Mar 13, 2009 | 07:56 AM

#16

porTURBOer

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From: San Mateo, CA

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Quote:

Originally Posted by teamipr

I work at Roche in Palo Alto. Our site will close down in this "friendly" merger. About 1/2 of us (~500 people) will be without a job. Genentech will be left pretty much alone for a while. Genentech got great scientists and minds there so Roche will protect its cash cow. People working there should feel safe.

Sorry to hear that - there is nothing clear regarding the terms of the merger if/when it goes through, but I did hear Palo Alto was getting pushed to SSF. Hope your job is safe.

Mar 31, 2009 | 10:24 AM

#17

glenspen

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Woot? or Damn...

either way it's the end of an era.

Mar 31, 2009 | 10:52 AM

#18

byoung

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From: Solano County

I heard that the Genetech shares were cashed out at 95 per. they didn't transfer to Roche shares, but isn't 95 p/s lucrative? What happened to those whose shares were not totally vested?

Mar 31, 2009 | 11:03 AM

#19