Juniper cuts profit outlook, citing cyclical market slump

Article Abstract:

Juniper Networks Inc. reduced earnings and revenues forecasts for the 2001 second-quarter due to a decline in the market. The company is also planning to lay off between 8% to 9% of its work force.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Strategy & planning, Telephone Equip NEC, Telecommunications equipment industry, Telephone equipment, Juniper Networks Inc., JNPR

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National is planning to cut about 10% of its work force

Article Abstract:

National Semiconductor Corp. announced that it is planning to layoff approximately 10% of its workforce because of falling sales. The planned layoffs amount to 1,100 jobs.

National Semiconductor Corp., NSM

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Agere Systems will reduce its work force by 7.8%

Article Abstract:

Agere Systems Inc. will downsize its labor force by approximately 7.8% due to the decline in demand for semiconductors. The layoffs amount to about 950 employees.

Agere Systems Inc.

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