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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (14404)	4/1/1998 2:34:00 PM
From: Moonray	Respond to of 22053

Adaptec plans job cuts of 200 to 250 Reuters - Posted at 9:47 p.m. PST Tuesday, March 31, 1998 MILPITAS, Calif. -- Adaptec Inc. (NASDQ:ADPT) Tuesday said it plans to cut its work force by 200 to 250 people, or about 7 percent, in its fiscal first-quarter ending June 30. Adaptec -- a leader in the manufacture of hardware and software for speeding the transfer of data between computers, peripherals and networks -- said in a statement that it will take a charge of $8 million to $12 million in the June quarter to account for the job cuts. Adaptec cited ''turmoil in the personal computer industry'' as its reason for the job cuts. The Milpitas, Calif.-based company said the cuts would come predominantly in its U.S.-based work force. o~~~ O