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To: Q. who wrote (6302)	7/16/1998 9:32:00 AM
From: SemiBull	Respond to of 10921

JOhn G: Thanks for the numbers. Now the task at hand is figuraing out their cash burn rates from their 10Q/10K. SMTL nad AGAI are probably takeover targets anyway, but if they are cash poor with a low burn rate, they may be fine for some time.....SemiBull

To: Q. who wrote (6302)	7/16/1998 7:53:00 PM
From: Thomas J Pittman	Read Replies (1) \| Respond to of 10921

John and All, I noticed that CNBC was touting their 'review of the semiconductor equipment sector' that is to air sometime tomorrow between 6 and 8. It is unlikely that I will be able to see it due to other committments. I realize it may be completely worthless, but if anyone watches it, i would love to know the 'gist' of what is said. thanks, j

To: Q. who wrote (6302)	7/16/1998 9:08:00 PM
From: Phantom Dialer	Read Replies (1) \| Respond to of 10921

The List.... SVGI has about $5.35 in cash and trades at 15.75....they have 0 debt They annoucned yesterday that they are laying off 20% (700 workers) and taking a 3 million charge on next q earnings but said they are still going to invest in r&d as scheduled...the reason? ...asia Thursday July 16, 10:32 am Eastern Time Silicon Valley cuts jobs, takes charge SAN JOSE, Calif., July 16 (Reuters) - Silicon Valley Group Inc. on Thursday said it plans to cut 711 employees from its payroll, or 21 percent of its global workforce, resulting in a pre-tax charge of $3.0 million to earnings for its fiscal fourth quarter ending September 30. ''We are experiencing a continuing downward trend in order rates as part of the cyclicality of the semiconductor industry as a whole, as well as a weak yen exchange rate,'' Papken Der Torossian, chief executive officer, said in a statement. Silicon Valley Group supplies automated wafer processing equipment to makers of semiconductor. The company said the job cut is just one of many cost-containing measures it has taken recently, including a hiring freeze for some jobs and discretionary spending cuts. The company also scheduled a 15-day shutdown in the second half of its current fiscal year. Lastly, Silicon Valley noted that although it is cutting jobs and expenses, it continues to invest in engineering and product development. --------------------------------------------------------------------------------