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Acxiom Begins 'Limited' Hiring.

Acxiom Corp. of Little Rock, which in late June laid off 412 employees as part of a dramatic program of expense-cutting, has authorized "limited" new hiring, company leader Charles Morgan told a Little Rock audience last week.

Speaking to the downtown Little Rock chapter of Rotary International, Morgan said senior managers had authorized the hiring of workers with "specific skills." The first group of new hires will probably include fewer than 50, he said.

"And if those are the people who were laid off, certainly, they'll be eligible for rehire," he said.

Unfortunately, the skills Acxiom are seeking generally. are not the same as what belonged to those who were laid off, said Kelley Bass, a company spokesman who also attended the luncheon. Bass said the hiring was necessary to support new business being signed by the information technology company. About 20 of the flew hires would be in Rochester, N.Y., he said.

Morgan suggested that more hiring was in the future, thanks to an upswing in sales. He told the, audience what he told investors and analysts a couple of weeks ago: Acxiom has landed more new contracts in the last four to six weeks than in the previous four to six months.

Two questions he said he is often asked are: When will Acxiom's stock pride pick back up, and when will the company's new downtown building be completed? In answer to the first, he drew a laugh from the business audience by saying the company was "comfortable" with an analysts' target price of $30 a share.

Acxiom's stock traded in the $13 range last week.

"Our assessment continues to be that we are at or past the bottom," he said.

The 12-story office building with an attached parking deck that is being constructed on the edge of the River Market district will be ready for occupancy in August 2002, he said.
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Author:Moritz, Gwen
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 27, 2001
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