Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 332.56

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To: David Rosenthal who wrote (20586)	6/19/1998 12:48:00 AM
From: Rick Mai	of 70976

Novellus to cut 10 percent of worforce SAN JOSE, Calif., June 18 (Reuters) - Novellus Systems Inc., a NEWS FROM NOVELLUS: ??HOW CAN YOU GET A RALLY IF THINGS ARE GOIN THIS GREAT??? semiconductor equipment maker said Thursday it would cut its workforce by 10 percent in the face of a weak semiconductor market. ''It is prudent to aggressively control our cost programs in the face of economic conditions in the semiconductor industry,'' Chief Executive Richard Hill said in a statement. Hill added the company plans a high level of spending on new products it hopes will lead the industry as market conditions improve. Earlier this month Novellus unveiled a line of systems for chip companies to manufacture faster semiconductors using a much-vaunted copper technology.

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