Applied Materials to cut staff 15%, salaries
Article Abstract:
Applied Materials Inc. will eliminate 2,000 more jobs, or 15% of its work force, and cut executive salaries as much as 10% to cope with the chip-industry slump. The company, the biggest maker of equipment used to manufacture semiconductors, said the job cuts will force it to take one-time charge in its current fiscal fourth quarter, ending Oct.25, that will result in a net loss. The latest job cuts follow the company's elimination of 1,500 positions in the fiscal third quarter that ended July 23. When the latest round of reductions is completed, Allied will have about 12,000 employees, down more than 25% from 16,200 at the beginning of 1998. Analysts predict the pressure shake out the weaker companies and may leave the industry leaders, such as Allied, in a stronger position when the recovery occurs.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Microsoft's goals include making software accessible
Article Abstract:
Microsoft Corp. has announced that it plans to simplify the maintenance and updating of personal computers. This goal was among those enumerated in a 14-page memo sent to Microsoft's upper management. Microsoft chairman Bill Gates stated that the company would increase its investment in devices that are both less expensive and easier to use than personal computers. To this end, Microsoft will devote itself to Jupiter, a device costing about $700 that is smaller than a laptop but larger and than such handheld data devices as electronic notebooks.
Comment:
Microsoft plans to make software and computers cheaper and easier to maintain
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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