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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey D who wrote (4824)	1/8/2003 10:34:13 AM
From: Proud_Infidel	Respond to of 25522

Philips to cut 'several thousand' more jobs, says report Semiconductor Business News (01/07/03 09:06 p.m. EST) AMSTERDAM, The Netherlands--Royal Philips Electronics here today announced it will continue its cost-cutting measures in 2003--a move that could affect “several thousand” more jobs from the Dutch company, according to a report from Reuters. The report cited the FT.com Web site, which claimed Philips would cut more jobs as a result of restructuring and the transfer of assembly work away from western Europe. "There is a huge amount of work for the organization and it is going to create major change. Globally this is going to affect several thousand people. They may lose their job, move to another location or move to another job," Gerard Kleisterlee, Philips' president and CEO, told the FT.com Web site. The Dutch company has cut 35,000 jobs since Kleisterlee took the helm in April 2001, leaving the group with 184,000 employees.

To: Jeffrey D who wrote (4824)	1/8/2003 11:41:32 AM
From: Gottfried	Read Replies (2) \| Respond to of 25522

Jeffrey, re >if orders are going up, we want to own the stocks< There's another possible driver. In the past few months chip makers have not dedicated an adequate percentage of sales to equipment orders. You can see this by comparing to history. home.attbi.com Chip sales have improved every month of 2002, but equipment orders have followed only to July, then started dropping again. This tells me that chip makers have become more cautious. Once that caution is taken away, equipment orders should rise even without a great increase in chip sales. Gottfried