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

To: Ian@SI who wrote (23267)8/25/1998 4:38:00 PM
From: Gottfried  Read Replies (1) | Respond to of 70976
 
Ian/all, 16:28 [AMAT] APPLIED MATERIALS EXPECTS TO REPORT A LOSS IN Q4.
16:28 [AMAT] APPLIED MATERIALS EXPECTS CHARGE IN Q4 FROM RESTRUCTURING.
16:28 [AMAT] APPLIED MATERIALS EXPECTED TOTAL RESTRUCTURING PLAN TO END BY Q4.
16:28 [AMAT] APPLIED MATERIALS TO CUT EXECUTIVE SALARIES BY 10%.
16:28 [AMAT] APPLIED MATERIALS SAYS REMAINING POSITIONS TO BE CUT FROM OTHER OFFICES.
16:27 [AMAT] APPLIED MATERIALS TO CUT 600 POSITIONS AT AUSTIN, TX PLANT.
16:27 [AMAT] APPLIED MATERIALS SAYS TO CUT 750 POSITIONS AT SANTA CLARA, CALIF PLANT.
16:26 [AMAT] APPLIED MATERIALS TO CUT WORKFORCE BY 2,000, OR 15% WORLDWIDE.

cbs.marketwatch.com

GM



To: Ian@SI who wrote (23267)8/25/1998 4:44:00 PM
From: Wally Mastroly  Read Replies (1) | Respond to of 70976
 
Newslink on layoffs -

marketwatch.newsalert.com



To: Ian@SI who wrote (23267)8/25/1998 6:05:00 PM
From: Fortinwit  Respond to of 70976
 
AMAT will cut work force by 15% globally.

This should not come as a surprise to anyone here in SV. Stories have been floating about for a while. I had heard up to 25%, so this number is a little better (I suppose)...

F.


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