Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (82439)	3/19/2001 8:23:21 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 436258

Earlie - quote.bloomberg.com "...The company's shares fell as much as 10 percent. Solectron will take a $300 million to $400 million charge for the cuts and reconfiguring factories, spokesman Kevin Whalen said. Many of the jobs were eliminated in the past two weeks, the company said when reporting results for the second quarter ended March 2. Orders from customers, which include Cisco Systems Inc., Nortel Networks Corp. and International Business Machines Corp., have slowed in the past few weeks, Solectron executives said. Solectron and rivals Celestica Inc. and Flextronics International Ltd. had been saying that their businesses could thrive as more companies hired out production to focus on development and sales. ..."