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.

Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: milo_morai who wrote (59485)	10/20/2001 9:04:47 PM
From: Paul Engel	Respond to of 275872

Does anybody think these 2,300 people laid off by AMD will ever get a ride in Jerry's limousine or get to sit in his AMD-PAID-FOR-CHAIR in Illinois? I doubt it. What about you - Milo? AMD to lay off 15 percent By John G. Spooner Special to CNET News.com September 25, 2001, 11:30 a.m. PT news.cnet.com Advanced Micro Devices on Tuesday announced plans to lay off 2,300 employees, or 15 percent of its work force, by the end of the second quarter of 2002, blaming the move on the sluggish tech market. The Sunnyvale, Calif.-based chipmaker also will close two fabrication facilities in Austin, Texas--Fab 14 and Fab 15--and streamline other operations to reduce costs. About 1,000 of the layoffs will come from the closing of the Austin plants. The rest will come from AMD's operations in Penang, Malaysia. The news comes the same day that PC maker Gateway, one of AMD's largest customers, said it will stop using AMD chips in its PCs. The plants that are being closed, however, do not manufacture PC processors. Until now, AMD had avoided layoffs, despite a slowdown in the semiconductor industry. The plants had been scheduled to close at a later date, but AMD said it decided to push up the timing to help reduce costs. As a result of the closings, AMD will take a charge of $80 million to $110 million in the current quarter. However, the chipmaker said it expects to save $125 million annually. Fab 14 and Fab 15 are two of AMD's oldest plants and are used primarily as part of AMD's foundry operations, which make chips for other companies on a contract basis. Go to Front Door \| Personal Technology \| Search \| One

To: milo_morai who wrote (59485)	10/20/2001 9:13:35 PM
From: Paul Engel	Respond to of 275872

Whay are you NOT CONCERBED with 2,300 AMD employees who are getting AXED 15% of AMD's employee ranks - but go to great lengths to discuss a small number (250) of Intel employees - representing only 0.2 percent of Intel's staff? AMD is sucking gas - and you never ever discuss that problem. You are a poster 'Droid for the term DENIAL