The company said those expenses include retention payments, ongoing salaries and benefits for Loopt employees, wind-down expenses or current Loopt services and other integration expenses.
To keep downexpenses he relies on referrals, occasional visits to industry trade shows and LinkedIn, which he uses to blast periodic e-mails to a network of roughly 500 executives.
Cendant (nyse: CD - news - people ) was up 1.5%, after the company set a dividend on it common stock for 2004, and Waste Management (nyse: WMI - news - people ) said it was cutting 880 white collar jobs from its workforce, in a move to scale downexpenses.