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

To: jtechkid who wrote (5696)	6/4/1998 9:07:00 PM
From: Investor2	Respond to of 10921

This story could add fuel to the recent tech stock selling: Thursday June 4, 6:21 pm Eastern Time Motorola restructures, sees $2 bln charges, cuts jobs SCHAUMBURG, Ill., June 4 (Reuters) - Motorola Inc. said on Thursday it would eliminate 15,000 jobs in the next year as part of a restructuring that will cause the company to take almost $2 billion in charges. Even before the charges, the company could report an operating loss for the second quarter as a result of deteriorating demand and global pricing pressure, principally in the semiconductor products segment, due primarily to economic conditions in Asia, the semiconductor and telecommunications products company said. biz.yahoo.com How much money was MOT going to spend on capital equipment over the next 12 months? Hopefully, the economic news tomorrow will be good (job report?), or we could see a nasty market. Best wishes, I2