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Politics : Formerly About Applied Materials

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From: mitch-c	8/27/2001 3:38:14 PM
	of 70976

Consolidation in the chip industry? This article about Motorola is making some local waves. austin360.com Where Motorola's chips may fall By Kirk Ladendorf American-Statesman Staff Monday, August 27, 2001 Motorola Inc. has been a force in the semiconductor industry for half a century, but last week, the company signaled that it may be prepared to unload its Austin-based chip business. Company President Robert Growney told a small group of investors and analysts that he has set a deadline for the semiconductor business, which lost $805 million in the first half of the year, to turn itself around. If that doesn't happen, the parent company would consider selling the business or making it a separate entity, Growney said last Monday, adding, "There are no sacred cows." ... - Mitch

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