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MedQuist Reports Third Quarter 2009 PROFITS --Brags about workforce reductions - DespiseMQForReal

Posted: Nov 10, 2009

EVERYONE PLEASE READ THIS IMMEDIATELY!!

http://www.prnewswire.com/news-releases/medquist-reports-third-quarter-2009-results-69596867.html

From article:

Net income for the third quarter of 2009 was $9.7 million or $0.26 per diluted share compared to a loss of $5.8 million and $0.15 per diluted share in the prior comparable period year. This improvement was the result of multiple programs designed to increase productivity, and decrease cost of revenues.

Research and development costs decreased $2.2 million or 47.5% to $2.4 million for the three months ended September 30, 2009 compared with $4.6 million for the three months ended September 30, 2008. The decrease was primarily due to lower compensation expense as a result of workforce reductions and an increase in capitalized software development costs.

You need a reality check ... - sm

[ In Reply To ..]
It is not MQ against us. The Q is doing the same thing every other business in the world is doing: Progressing and advancing their business.

There is not a career out there that is not going through these changes.

No need to waste, yes - waste, your energy despising the Q or any other entity. Use your energy to prepare for a different career.

I guarantee you that from this day forward, for every 5 actual working years you have left, you will need a new form of a job/career and reinvent your professional self to maintain whatever standard you have today, much less increase it.

Stop acting like it is this one company, this one industry, this one career doing this and that it is a specific strategic plot against you. Grow up. It is business.

YOU DO IT, TOO! EVERY SINGLE DAY! You look for ways to cut costs to your living. It's what you do for your survival. Trying to live more for the same or less money.

Companies don't go into business to just give away services and products. They do it to make money.

What an immature view of the world and a displaced sense of personal spurning most of you seem to have over this.

You have your opinion, I have mine - MQ is just like every other company, for themselves, not the av - Still feel the same

[ In Reply To ..]
If anyone needs a reality check it is you. I have nothing positive to say about a company that is stealing wages then bragging about profits. You say whatever you want about Medquist but my sentiments will not change EVER!!!!!

P.S. You get a life also.

Agree with post - MQ should not be defended

[ In Reply To ..]
Thanks for positing about MQ profits. This just confirms why wages are getting smaller and smaller. There are companies that are trying to help their employees, my husband's is one of them. MQ is not doing the same. Stealing wages, lying about job titles then decreasing pay is so wrong. Other companies that are failing at least are trying to be up front with their employers instead of keeping them employed and constantly stealing their wages legally. I agree with this post about MQ GREED.

MQ Greed - anon

[ In Reply To ..]
Amen sista! And how about those HUGE bonuses that upper management puts in their pockets? I bet those do not decrease.

I used to work at a hospital where we got RAISES each year - not reduced wages. If budgets were tight, no raises but never a decrease in wages by these so-called job title changes in an effort to justify demotions and lower wages.

It is MQ MANAGEMENT Greed!

MQ paycheck is the reality check! - Oldie

[ In Reply To ..]
Whether every MT in the world is or is not looking for another job, this doesn't give MQ the right to find ways to lower our wages under new job titles then pay less for same work. MQ is getting the profit, not the MME/MT/CCM/CTL. I am looking for another job and working at a part-time but one, but guess what -- I DETEST MQ and cannot wait to leave.

Cheaters - anon

[ In Reply To ..]
I constantly defended the Q. That was before they started stealing my lines. I've been doing MT waaaaaay too long to know how much I type and approx. what my count should be. And don't think on my way out the door that I won't contact the SEC along with my friend in the Justice Department in DC.

Cheaters - anon - Just me

[ In Reply To ..]
Contact anybody you like; it won't work. We already tried, those of us who had been cheated on our line counts. The transcriptionists' case was mysteriously settled in a very strange way when one of the witnesses recanted his testimony. Go figure.

Cheaters - anon

[ In Reply To ..]
I came in right at the tail end of the settlement. You guys got ripped off big time. They must have had some really good attorneys on their side. I do know my friend at the Justice Department has lots of friends in high places and long story short - hubby at sea. Credit card doubles APR. I call. They say something neg. on credit report is reason. I get all 3 reports. Nothing neg. I fax to them. I called countless times. This went on for 5 months. I contacted my atty. friend, Dan, and he made some calls and gave me some numbers, one of them being for the Office of Currency Control. Things were fixed within a week and the bank who issued the credit card ended up with an investigation a few months down the road. Maybe it's time just to get an opinion from him.

Be my guest! I lost $72,000 in 6 years. - Scooby-Doo

[ In Reply To ..]
Ask your attorney and get back to us, please. However, in being a part of the suit, we opted out for any other suits of the same kind in the future. But I could sure use that $72,000 that I lost through MQ's line-count tweaking.

Anger problem? - anon

[ In Reply To ..]
You've gotta get a grip on your anger issues. All the OP did was post their profits and you jumped all over her case. What did you expect her to do on a MEDQUIST forum, post the profits from United Healthcare, AIG, Proctor & Gamble and every other company out there?

Did you forget to take your nice pill today?

MQ - anon

[ In Reply To ..]
I beg to differ with last sentence. It was due to cheating their MTs out of lines.

how much were you making an hour before reductons? - n/m

[ In Reply To ..]
n/m

$$ - anon

[ In Reply To ..]
I don't think I ever figured out my hourly wage but I was pulling in almost $900 a pay.

Went from $23/hour to $10/hour. Scary! nm - anon

[ In Reply To ..]
nm

TO "sm" -- you must not know about MQ Lawsuit - Cheated MTs out of line counts

[ In Reply To ..]
You're the one that needs a reality check. MQ cheated MTs out of lines and paid the settlement to ADHI. Yet, MQ keeps finding ways to lower our pay.

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