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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: C. Niebucc who wrote (36740)	10/14/1998 2:06:00 PM
From: let	Read Replies (2) \| Respond to of 50808

MAJOR COMPANY/INDUSTRY NEWS: (All prices as of 1:05 p.m. ET) ** Computer chip maker LSI LOGIC (LSI: 11-3/4, - 3/8), slammed by the global slowdown in semiconductor sales, said Wednesday it would lay off around 1,200 employees, or 17% of its workforce, and shutter several plants in a bid to cut costs. As a result of the sweeping restructuring, the Milpitas, Ca.-based company said it would take a third-quarter charge of $326 million on third-quarter results which came in at a loss of $2.01 per diluted share compared with a profit of $0.31 per share for the same quarter a year earlier. See Full Story.