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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: OldAIMGuy who wrote (4883)6/18/1998 1:50:00 AM
From: Sbtorres  Read Replies (2) of 18928
 
Hi Tom,
Here is a link to a news on VLSI
mercurycenter.com
In case the link is broken, below is the printout.
I don't currently follow VLSI. VLSI is a semiconductor stock but PCMS in the wireless communications sector along with DMIC are not doing well. QCOM which I have and makes the CDMA cellphone is now in the high 40s when not too long ago was in the mid 50s.
You did great on VLSI but be careful.
The Philly Index tracks semiconductor stocks.
********
Layoffs expected at VLSI

VLSI Technology Inc. is likely to announce an unspecified number of layoffs soon, Rich Beyer, the company's president and chief operating officer, told an informal meeting of about 40 employees last week. Beyer made the comment in response to a question about the company's future prospects. Company
officials would not elaborate on the date of the layoffs or number of people involved but did concede that the company has been struggling. San Jose-based VLSI Technology makes specialized chips, known as application specific integrated circuits, or ASICs, for wireless communications, networking, digital set top boxes and a variety of other custom applications.
The company last laid off people in 1997 as it closed a semiconductor plant in San Jose and consolidated U.S. manufacturing operations in San Antonio, Texas. The company currently employs about 2,500 workers and the downsizing is likely to involve some local workers.
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