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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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Nov 7 11:47 AM EST

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To: joe who wrote (21491)	9/15/1998 2:42:00 PM
From: Lost in New York	Read Replies (2) of 45548

Rockwell Semiconductor to cut work force NEWPORT BEACH, Calif. -- Rockwell Semiconductor Systems is shedding 700 workers and $265 million from its balance sheet as it limps toward independence. The money-losing modem maker announced a restructuring Monday that is designed to return the company to profitability next year. ... ... Write off $55 million in unsold modem chip sets and other components ... ... Rockwell is still paying for the modem war. While 3Com has other products, notably the Palm Pilot, Rockwell depends on modem chip sets for close to half of its sales, according to outside estimates. Somtimes ya win, sometimes ya lose. mercurycenter.com Dave

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