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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: shane forbes who wrote (5229)	4/30/1998 8:14:00 AM
From: shane forbes	Read Replies (1) \| Respond to of 10921

Layoffs: pubs.cmpnet.com ADE trims workforce by 12% WESTWOOD, Mass.--ADE Corp. here said it was reducing its workforce by 12% in order to cut costs during the industry's slump in capital spending. The supplier of metrology and wafer inspection systems said the reductions will be accomplished through attrition, layoffs and termination of non-employee contracts. ADE also said it will take a charge of $500,000 for severance and other related benefits in its fiscal fourth quarter, ending April 30. According industry data, ADE employed about 350 workers. "We are taking this aggressive action to help move costs in line with lower near-term product demand," said Robert Abbe, president and CEO of ADE. He said the company expects the slowdown will continue to impact the metrology and inspection systems markets for the next few quarters. --- Shane.