C-Cube Message Board - Msg: 11410920

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Technology Stocks : C-Cube

CUBE 35.52

+0.4%

Jan 5 3:59 PM EST

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To: Black-Scholes who wrote (45628)	9/30/1999 3:45:00 PM
From: BillyG	of 50808

Secondary signs of the growth in home theaters and DVD......... AMC To Lay Off 100, Close Three Offices NEW YORK (Variety) - AMC Entertainment announced layoffs and a major restructuring Wednesday, making it the latest in a string of movie theater chains scrambling to boost profits and slash spending. Kansas City, Mo.-based AMC will close its New Jersey, Florida and Los Angeles division offices, and lay off about 100 people. It expected annual savings of about $20 million -- about a 40% decrease in general and administrative expenses. The revamp will result in a $12 million charge for the fiscal second quarter ending Sept. 30, the company said.

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