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

To: Gottfried who wrote (7033)	9/28/1998 2:53:00 PM
From: Sam	Respond to of 10921

GM, thread, DPMI announced "workforce and salary reductions" today. biz.yahoo.com An excerpt from their release: <<''Given the realities of lower than anticipated revenue and earnings, we are taking appropriate actions that best balance our short and long range goals,'' said Mike Hardinger, chairman and chief executive officer of DuPont Photomasks, Inc. ''The continuing semiconductor recession, coupled with overcapacity in the photomask industry, led to these decisions.'' The company reported that the six-month salary reduction program will affect nearly 15 percent of its higher-level personnel. These actions entail scaled reductions off current base salaries. The decrease ranges from 5 to 15 percent, the highest reductions affecting the chief executive officer and other senior level executives.>> Almost makes me want to buy stock in the company. Its a good management to cut its own salary the most, especially in conditions like these. It at least goes my closely watched list. But do I really want to invest in another sector with too much capacity?

To: Gottfried who wrote (7033)	9/29/1998 6:52:00 AM
From: Mason Barge	Respond to of 10921

From this morning's WSJ, concerning Micron, which posted a smaller loss than expected (but still pretty hefty): <<Micron executives disclosed that the company has shifted ahead of competitors to a new generation of manufacturing technology, with circuitry just 0.21 micron in size, in a sign that the company may be able to reduce its costs faster than rivals. They also noted demand for memory, measured in the amount of storage capacity purchased, grew 63% during the fiscal fourth quarter over the third period. Analysts said it is too early to suggest the memory market has turned around. "Internally, Micron is executing extraordinarily well, but the environment has not warmed up much for memory-chip makers," said Jonathan Joseph, analyst at NationsBanc Montgomery Securities in San Francisco. "It's still tough.">>