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Technology Stocks : LSI Corporation

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To: JMD who wrote (8183)12/7/1997 12:13:00 AM
From: Gary L Schultz  Read Replies (1) of 25814
 
Mike and All,

Interesting news tidbit on Telecom AM that reinforces what Mike has said:

--Company News--

ERICSSON TO CUT ANOTHER 10,000 JOBS IN NEXT TWO YEARS

Ericsson confirmed it will cut 10,000 more jobs in its
Infocom division over the next two years as part of a
restructuring plan begun in 1995. The company said it
already has cut 10,000 jobs to improve what it said was
unsatisfactory profitability caused by increased
competition, deregulation and technical development. The
affected division includes the former public telecom and
business network areas as well as activities pertaining to
radio access to fixed wireless networks.

Sorry if this off-subject stuff disturbs anyone. I apologize in advance.

Gary
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