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

To: Mark Adams who wrote (116773)	8/13/2001 3:38:14 AM
From: Bull RidaH	Read Replies (2) \| Respond to of 436258

Isn't AVX in the same business here in the states, and a former KYO subsidiary? KYO is breaking its lows from earlier in the year, and AVX still up nearly 50% from its lows. Hmmm?

To: Mark Adams who wrote (116773)	8/29/2001 7:40:28 PM
From: Mark Adams	Respond to of 436258

More layoffs- this time foreign companies laying off US workers. Turnabout is fair play, declares the red queen... Kyocera Reportedly Plans to Cut Nearly 20% of Work Force TOKYO -- Ceramics manufacturer Kyocera Corp. plans to cut about 10,000 jobs amid the global electronics slowdown, the Yomiuri newspaper reported Thursday. The cuts will be centered on U.S.-based units, according to the nationally circulated publication, which added the layoffs may be carried out by the end of the year. Yomiuri quoted company sources, but didn't identify them. The report said that most of the reductions will come at U.S. units such as Kyocera Wireless Corp. and Tycom Corp. San Diego-based Kyocera Wireless was formed when Kyocera (KYO) bought the mobile-phone manufacturing unit of Qualcomm Inc. (QCOM). Tycom is based in Irvine, Calif. Kyocera International -- Kyocera's North American headquarters -- is also based in San Diego. In Japan, Kyocera will reduce its work force by eliminating contract employees, broadly reducing part-time hires and transferring up to 230 regular employees to related companies, Yomiuri said, adding Kyocera employs about 51,000 workers world-wide. Last week, Kyocear slashed its profit and sales outlooks for the fiscal half and full-year through March, citing weaker-than-expected sales of electronic parts on the back of a slowdown in the global electronics industry. The announcement came after a string of similar profit warnings issued by Japanese electronics makers, and underscores the depth of the current global information-technology industry slump. High-tech stalwarts such as Toshiba Corp., Fujitsu Ltd., NEC Corp. (NIPNY) and Matsushita Electric Industrial Co. (MC) recently announced job cuts aimed at addressing the global slump.