Recognizing that things may appear grim down
there, life in Gresham is finally starting to look up.
There were only superficial cuts here. The large
capacity reduction should mean we can ramp up the new fab.
Now as to whether or not it will be cost effective...
-still here in Oregon
I said a few weeks ago that intel signed an
aliance with kodak. IBM also just came out with chip for
cell phones. Why can't LSI work on deals of this
nature? The wave of the future will see appliances able
to communicate with each other ect. with emmbedded
chips. Will LSI ever exploit the market with their
excellent technology? We all know the potential is there
but the competition is fierce. Good luck to all
Am sorry to hear that the cuts were so deep. But
glad that you made it. Really appreciate the posts
that you and Snarkle_99 have provided. Hope you both
continue to post with us.
I have been monitoring
the Micron (MU) board for the past few weeks just to
get some alternate views. They have a mix of
professional traders and long term investors on that board who
have been with MU for years. While there is a
diversity of opinion (some are long, others short), the
consensus seems to be that they feel the Semi industry is
improving. This view is consistent with the Intel results
Therefore, I was really surprised to see
the LSI cut go as deep as 17%. In my career, I have
lived through a few cutbacks myself -- but all were
less than 8% and that was depressing enough. Guess I
was just lucky. Here's hoping that the optimists on
the MU board are correct and things turn up
does anyone know about the plant closures in fort
collins (symbios) co. have some family that work there
from testing to engineering and would appreciate any
news, especially since two of them are on honeymoon
right now, what a bummer to come home to and need to
rely info. to them. thanks,
I am one that is happy you survived. Your posts
have been extremely relevant and helpful, and your
participation on the board very professional. Thanks for your
Being a survivor of a different
industry, I know the trauma it causes.
published moves seem to make solid business sense.
Unfortunately, mergers usually result in significant
reorganizations and decimation. It looks like LSI is not
hesitating to take the tough road and make the tough
decisions. That should be positive in the long run.
I have been interested in how the news has been
distributed. The first set of articles have not even taken the
time to integrate the merger into the action. They
address the firings without informing the public of the
essentially solid performance underlying the numbers.
Interesting. Perhaps the press no longer cares about
information, only sensation.
ol' desert rat
> In case you care, probably don't, but I made
it through the layoffs. <
- must come as a relief I would guess.
Moral is bad today <
You should see what it feels like over here at LSI in
the UK - we know there are probably going to be
redundancies, but how many or who we don't find out for up to
30 DAYS, they told us earlier today.
we have to wait up to 30 days before we know if we
are keeping our jobs or not...
(All thanks to
the wonderful EU and their employment
BTW - all those who were
demanding layoffs to boost the stock price, I sure hope you
are happy now...
Historically, this has been one of the best run
companies in the Silicon Valley. More so if you look behind
the "numbers" and consider how they treat their
employees. This was a difficult decision without question.
As a long term investment this is still a sound
choice. They just have too much to offer in the way of
Intellectual Property and associated products - hang in
This ( layoffs etc.)is not the act of a condemned
company walking to the death chamber, but rather the
continuing dance of one "player" who knows how not only to
survive, but to thrive during difficult times.
Good for you. Glad to hear
you made it. Layoffs always suck. 17% is pretty deep.
Which departments got hit the worst ? I assume that HR,
Accounting, and Purchasing took the brunt of it. Were any
projects cancelled as a result of this, and if so what is
the impact to the R&D efforts.
Hope your day
ibgoofy writes :
> Layoffs are
supposed to be announced today. Here in colo. they >
havent even started the meeting. How did you manage to
get this > information before anyone else?
I'm not an LSI employee. I got MY information from
the NEWS today. Here's the info