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To: orkrious who wrote (168335)	5/27/2002 3:46:54 AM
From: maceng2	Read Replies (1) \| Respond to of 436258

NEC shuts computer plant (it's not "silicon glen" anymore, more like "redundancy glen"...pb) Computer production is being switched to China Electronics firm NEC has confirmed that it plans to close its personal computer plant in Scotland with the loss of about 450 jobs. The company has blamed the closure on a slump in the pc market and said production in Scotland and Malaysia will be switched to China. The closure of the pc plant at Kirkton is a further blow for West Lothian. NEC shed more than 1,500 jobs in Scotland last year with the closure of its semiconductor plant in Livingston. The company said it plans to sell its Scottish and Malaysian plants as part of a restructuring programme. A spokesman said: "We are negotiating to sell the facilities, including a transfer of the employees, but nothing concrete has been decided." The company has been affected both by a downturn in the market and competition and said it can reduce costs by switching work to China. West Lothian has lost thousands of technology jobs in the past 12 months. The mobile telephone company Motorola closed its factory making 3,000 people redundant. news.bbc.co.uk

To: orkrious who wrote (168335)	5/27/2002 7:18:03 AM
From: Earlie	Respond to of 436258

ORK: I will do likewise. The numbers will be acceptable (for the blindly trusting bulls), but it doesn't take rocket science to understand that the semi equip boys must cope with very lengthy sales cycles in a period that is characterized by increasingly frequent order cancellations. Semi-land is in serious trouble and those at the end of the semi food chain are starting to experience the first signs of the coming drought. When even the N.Y. analysts are saying that things are not so bright for the semi equip boys, it is not a time to be shy. (g) Best, Earlie