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Technology Stocks : Flextronics International (FLEX) -- Ignore unavailable to you. Want to Upgrade?

To: patroller who wrote (1162)	8/16/1999 8:37:00 PM
From: John Morelli	Respond to of 1422

I haven't seen any comments re Proposal # 8 in the proxy statement regarding potential stock split? When do you expect this will occur

To: patroller who wrote (1162)	8/16/1999 9:03:00 PM
From: Marc	Respond to of 1422

August 13, 1999 GENERAL INSTRUMENT CORP (GIC) Quarterly Report (SEC form 10-Q) RESTRUCTURINGS In the fourth quarter of 1997, with the change in senior management, the Company undertook an effort to assess the future viability of its satellite business. As the satellite business had been in a state of decline, management of the Company made a decision to streamline the cost structure of its San Diego-based satellite business by reducing this unit's headcount by 225. In conjunction with the assessment of the satellite business, the Company also made a strategic decision with respect to its worldwide consolidated manufacturing operations that resulted in the closure of its Puerto Rico satellite TV manufacturing facility, which manufactured receivers used in the private network, commercial and consumer satellite markets for the reception of analog and digital television signals, and reduced headcount by 1,100. The Company also decided to close its corporate office and move from Chicago, Illinois to Horsham, Pennsylvania, which was completed during the first quarter of 1998. Costs associated with the closure of facilities include vacated long-term leases which are payable through the end of the lease terms which extend through the year 2008. As a result of the above actions, the Company recorded a pre-tax charge of $36 million during the fourth quarter of 1997 (see Note 7). These restructuring costs provided cost savings in certain satellite production processes; however, declining demand for certain satellite products has substantially offset the cost reductions.