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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: jtechkid who wrote (19259)	5/11/1998 1:28:00 PM
From: Paul V.	Respond to of 70976

jtechkid, >REPORT--alex brown-stated that amat denies the accuracy of the report about the layoffs. ----this is what alex heard--11 mandatory shutdown days throughout 1998, shutdown every second friday in the near term,,, reduction of temporary and contract staff,,, aggressive cuts in discretionary spending,, amat said that are not cutting permanent staff. take everything with a caution-only thing i see is this is a serious downtown. how bad is the question?< Thanks. IMO, Morgan, has been excellent in keeping AMAT's cost under control and in relation to its sales and has gained high credibility. This has been one reason, IMO, that AMAT has been able to increase its cash flow position and development into a near monopoly company, if you can call approx. 25% of market share a near monopoly. Just my opinions. Paul V.