To trim costs, 3Com says it will eliminate 1,200 jobs

Article Abstract:

3Com Corp. will lay off nearly 10 percent of its workforce in an attempt to return the firm to profitability. 3Com had a net loss of $142.4 million in its fiscal second quarter, which was the third consecutive quarter showing a loss. One expert said that new products will be a key factor, and that unless demand for the firm's new Internet appliances increases, the firm is unlikely to grow.

Telephone & Telegraph Eqp NEC, Telecommunications equipment industry, Telecommunications systems, 3Com Corp., COMS

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Chip makers see a speedy recovery; others have doubts

Article Abstract:

Although 2001 has been a bad year for the semiconductor industry, the Semiconductor Industry Association forecasts 6% growth for the 2002 and 21% in 2003. The growth, they say, will be propelled by reduced inventory levels, increasing prices for memory-chips and a higher demand for personal computers and cellphones.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Forecasts, trends, outlooks, Semiconductor industry, Forecasts and trends, Semiconductor Industry Association, Trade associations, Industry association information

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Amid slump, Cisco announces a revamping

Article Abstract:

Computer networking giant, Cisco Systems, has announced plans for restructuring its management teams and engineering division. The concern plans to focus on many types of technology instead of its type of customers.

Executive changes & profiles, Data Communications Equip, Computer network equipment industry, Network hardware industry, Data communications equipment, Cisco Systems Inc., CSCO, Company personnel management

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