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

To: jtechkid who wrote (20753)	6/24/1998 5:21:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

jtechkid and ALL, notes from a DD industry outlook seminar held last night...gloomy exchange2000.com GM

To: jtechkid who wrote (20753)	6/24/1998 6:39:00 PM
From: Teri Skogerboe	Respond to of 70976

mercurycenter.com Layoffs seen at VLSI (June 17, 1998) VLSI Technology Inc., a San Jose-based maker of custom semiconductors, is expected to announce layoffs soon in San Jose and perhaps elsewhere. President and Chief Operating Officer Rich Beyer told an informal gathering of San Jose employees last week that layoffs were likely, to meet budget goals, said VLSI spokesman David Harrah. However, Harrah said information on the timing or extent of possible layoffs was not available. Revenues and profits plummeted last quarter after setting records in the second half of 1997, and Wall Street expects another disappointing quarter. VLSI, which employs 1,200 in San Jose and 2,500 worldwide, last laid off 150 employees in Silicon Valley in 1997.