Texas Instruments sees job cuts

Article Abstract:

Texas Instruments Inc confirms that it may have to lay off or otherwise eliminate 4,800 employees of its defense and strategic electronics division by the end of 1997 due to anticipated cuts in military spending. The work force reduction will not materialize if the division receives more defense contracts or manages to convert unneeded production capacity to civilian purposes. The defense unit brings in 27 percent of Texas Instruments' revenues and currently employs 13,500 workers, down from 25,000 in 1988. Layoffs accounted for 26 percent of its previous work force reductions, with transfers, early retirement and attrition taking care of the rest. Defense orders were down 28 percent in the 2nd qtr and 3 percent in the 1st qtr 1993, as compared to unusually high figures for 1992. The company's stock falls $1.625 to $82.625 a share on the New York Stock Exchange Aug 24 in response to the announcement.

Semiconductors and related devices, Semiconductor industry, Human resource management, Texas Instruments Inc., TXN, Forecasting, Layoffs, Sales, Layoff, Stock, Defense Contract, Work Force Reduction

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Apple to give the public its first look at Newton

Article Abstract:

Apple Computer Inc will introduce its first completely new product since the Macintosh, a pen-based, pocket-size computer named the Newton and characterized as a personal digital assistant, on May 29, 1992, at the Consumer Electronics Show in Chicago, IL. Apple promises to ship the new product within the following nine months. Among the Newton's capabilities are notetaking, telecommunications functions, an electronic calendar function and card-indexing. The Newton will be built by Sharp Corp in Japan and is intended to be the first in a line of products to be marketed by Apple's new personal interactive electronics business unit, already being referred to as Apple PIE. The Newton measures six inches by eight inches and features reduced instruction set computing (RISC) technology. It is expected to be priced under $1,000. One analyst predicts that Apple could sell as many as 250,000 Newtons in 1993.

Prepackaged software, Hand-held computers, Handheld computers, Product development, Equipment and supplies, Apple Inc., Pen-based computers, New Product, Pen-based I/O, Apple Newton MessagePad (Personal digital assistant)

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