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To: jjetstream who wrote (1088)	7/8/2001 10:19:02 PM
From: jjetstream	Read Replies (1) \| Respond to of 8051

32....Nova Measuring Nova Measuring sees Q2 shortfall, trims workforce NEW YORK, July 3 (Reuters) - Israel's Nova Measuring Instruments Ltd. (NasdaqNM:NVMI - news) said on Tuesday it expects significantly lower revenues in the second quarter and a wider-than-expected loss due to a sharp reduction in spending in the semiconductor industry. Nova Measuring, which makes optical systems that measure the thickness of semiconductors, said it expects this negative trend in the industry to continue throughout the remainder of the year and that revenues will remain at similar level. In addition, the company said it is continuing its efforts to adjust and control costs, and will cut its work force by about 15 percent as a result. Also, the company plans to cut employee salaries by 10 percent, while management salaries are expected to be trimmed by 15 percent. The company has also instituted a day-a-week mandatory shut-down effort until the end of August, during which it expects about 50 percent of employees show up voluntarily. Shares of Nova Measuring closed at $5.90 on the Nasdaq stock exchange on Monday. biz.yahoo.com