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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: Jim P Mitchell who wrote (977)	12/8/1998 6:10:00 AM
From: lizard lick	Read Replies (1) \| Respond to of 10718

Double ouch! 12/08/98-Urgent consideration on Restructuring,,,Anyone have an idea how this will affect CREE, since Siemens is their key source of purchase? Siemens had announced preliminary 1997/98 results on November 4, along with a plan to sell off businesses with 17 billion marks in sales and take four billion marks in restructuring charges. Siemens plans to float its troubled semiconductor business which in 1997/98 posted a 1.2 billion mark loss. But profit before income tax fell 2.8 percent to 3.44 billion marks. It had pre-tax losses of 1.2 billion marks in its semiconductors unit, which will be spun off, and a 759 milllion mark loss in rail technology.