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Technology Stocks : Tektronix

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To: Jay King who wrote (99)	9/30/1997 9:29:00 AM
From: GURUMAN	of 193

Yes, Jerry Myer said there will be a 45 to 55 million dollar charge this quarter. He announced that the day the earnings were released. On the day the earnings were released the stock moved to the level it is at now. There was over a million shares traded during regular hours and many shares were traded in after hours trading previous to that session I don't know how many but the news said that Tek was about the only thing being bought and sold that night. Back to the 45 million, Jerry says this is to restucture the video and networking division, the activities he mentioned are layoff 250 people and reorganize. I think that the 45 million is to layoff 250 people and reorganize video and networking division which really means they didn't like some Lucy's pet projects and are getting rid of them and using the rest of the money to pay for the purchase of the siemens unit as you have mentioned earlier. Like you say the rest of this year should be interesting for the Tek stock watchers. I am wondering where they are going to get all the money needed to support the stock price. Guruman

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