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BUSINESS
December 1, 1987 | DONNA K. H. WALTERS and WILLIAM C. REMPEL, Times Staff Writers
Most days at lunchtime, Charlie Sporck pulls on his walking shoes and heads for the 14-acre park on the grounds of National Semiconductor's headquarters here. The long walks show on Sporck, still lean and fit at 60. Sporck prefers his business that way too. But Sporck knows he's got to put his company through some rigorous paces to get it back into shape.
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BUSINESS
May 9, 1999 | GREG MILLER, TIMES STAFF WRITER
Grass Valley was one of the richest towns of the California Gold Rush, and one of the noisiest. Its unrivaled gold output had to be pounded out of solid rock by stamp mills that rattled the surrounding hills like a symphony of wrecking balls. Today Grass Valley is as quiet as rustling pine needles. But while many other Gold Rush towns have withered, it continues to thrive, largely because its mines and stamp mills have given way to an unlikely concentration of high-tech companies.
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NEWS
December 5, 1988 | MARK A. STEIN, Times Staff Writer
After more than three years of haggling, environmentalists, firefighters and Silicon Valley computer makers have drafted an innovative set of criteria to stiffen and standardize regulation of toxic industrial gases. The Santa Clara County Intergovernmental Council, a regional planning body, last week enlisted local city attorneys to draft formal ordinance language based on the outline.
BUSINESS
February 27, 1999 | Bloomberg News
Philips Electronics, Europe's biggest semiconductor firm, offered to buy San Jose-based VLSI Technology for $777 million, hoping to gain a broader range of chips for electronic consumer products. Philips offered $17 in cash for each VLSI share, a 58% premium over Thursday's stock price, after meeting with VLSI to discuss a combination. On Friday, VLSI shares jumped $4.75 to close at $15.50 on Nasdaq. Philips eased 50 cents to $69.63 on the New York Stock Exchange.
BUSINESS
September 1, 1987 | VICTOR F. ZONANA, Times Staff Writer
National Semiconductor, whose outspoken president left Fairchild Semiconductor two decades ago, agreed on Monday to buy the struggling Silicon Valley pioneer for $122 million. The price, described by several analysts and competitors as "a steal," is about half of what Japan's Fujitsu Ltd. was prepared to pay Schlumberger Ltd. for its Fairchild unit earlier this year. Fujitsu's deal to acquire an 80% stake in Fairchild collapsed amid opposition from the U.S.
NEWS
August 3, 1988
An environmental group cited newly disclosed data on chemical use by the Silicon Valley semiconductor industry to press for tougher toxics regulations, fulfilling predictions that new federal disclosure rules will increase pressure for stricter environmental laws.
BUSINESS
November 5, 1998
KLA-Tencor Corp. said it fired about 220 people--5% of its work force--as part of a restructuring meant to bolster the semiconductor maker's finances in the face of slowing sales. San Jose-based KLA-Tencor said it will take an unspecified charge in the fiscal second quarter to cover the restructuring, resulting in a net loss for the quarter. The company had been expected to earn 9 cents a share in the quarter ending Dec. 31. KLA-Tencor shares rose $1.63 to close at $32.44 on Nasdaq.
BUSINESS
January 20, 1999 | From Reuters
Two semiconductor equipment makers, KLA Tencor Corp. and Novellus Systems Inc., reported on-target quarterly earnings Tuesday, but investors had been hoping for upside surprises and their shares both tumbled as a result. KLA Tencor, based in San Jose, reported second-quarter net income of $10 million, or 11 cents a share, excluding restructuring and acquisition charges, versus $52 million in net income and 59 cents a share a year ago.
BUSINESS
December 10, 1997 | From Bloomberg News Service
National Semiconductor Corp.'s shares fell 12% after the computer chipmaker said orders in its fiscal second quarter slowed, even as profit more than tripled, beating expectations. Shares of National Semiconductor fell $3.625 to $27 as more than 6.4 million shares changed hands. Analysts said slowing orders, a "modest" outlook for next quarter and disappointing revenue at Cyrix Corp. were the reason for the reaction. National bought Cyrix, which makes processors that compete with Intel Corp.
BUSINESS
December 5, 1997 | Bloomberg News
Credence Systems Corp. shares fell 12% after the company said its fiscal fourth-quarter earnings fell below expectations and that its chief financial officer had resigned. Shares of the maker of automated semiconductor testing equipment fell $3.13 to close at $23.88 on Nasdaq. The Fremont-based company said it earned 32 cents a share in the quarter ended Oct. 31, less than the 33-cent average estimate of four analysts polled by IBES International Inc.
BUSINESS
February 4, 1999 | CHARLES PILLER, TIMES STAFF WRITER
Shares of Advanced Micro Devices Inc., a leading maker of microprocessors for personal computers, dropped sharply after company executives abruptly and without explanation canceled their presentations at two financial analyst conferences, one here today and another in New York next week. Industry watchers speculated that the move may be related to Tuesday's resignation of Richard Forte from his post as chief executive of AMD's Vantis Corp. subsidiary, a maker of customized processors.
BUSINESS
January 22, 1999
In a separate development, Intel said it will put embedded serial numbers on Pentium III chips, due out later this quarter, that will identify the user, the machine and the processor when the system is turned on. The serial-number feature can be turned off if the user doesn't wish to be identified. The measure is part of an effort to improve privacy and security for PCs on the Internet.
BUSINESS
January 20, 1999 | From Reuters
Two semiconductor equipment makers, KLA Tencor Corp. and Novellus Systems Inc., reported on-target quarterly earnings Tuesday, but investors had been hoping for upside surprises and their shares both tumbled as a result. KLA Tencor, based in San Jose, reported second-quarter net income of $10 million, or 11 cents a share, excluding restructuring and acquisition charges, versus $52 million in net income and 59 cents a share a year ago.
BUSINESS
November 12, 1998 | Reuters
The worldwide market for semiconductors will rise 9.1% to $133.4 billion next year, after a sluggish 1998, when the Asian economic crisis and overcapacity dragged down the industry, the Semiconductor Industry Assn. said. The San Jose-based trade group said in its annual global forecast that global chip sales this year are expected to fall 10.9% to $122 billion. That would mark the first time since 1985 that the entire industry--instead of specific product markets--suffered an overall decline.
NEWS
April 25, 1998 | ANTHONY KUHN, SPECIAL TO THE TIMES
The video CD is sweeping across China, and the low-tech consumer electronics revolution is having an impact on California's two most dynamic industries, technology and entertainment. The sudden emergence of the inexpensive video player here is undercutting the conventional wisdom in the consumer electronics industry that acceptance in U.S. and Japanese markets is the critical test for products ranging from the Walkman to the DVD, the digital alternative to videotape.
BUSINESS
April 7, 1998 | SUSAN ABRAM, TIMES STAFF WRITER
Applied Power Inc. on Monday said it agreed to acquire Los Angeles-based Zero Corp., a maker of products used to protect and cool electronic equipment, in a deal valued at $427 million. The purchase would make Applied Power, a Butler, Wis.-based maker of electrical tools and industrial equipment, the largest supplier of electronic packaging and would boost its packaging sales in the high-growth telecommunication, data processing, semiconductor and computer networking businesses.
BUSINESS
December 10, 1997 | From Bloomberg News Service
National Semiconductor Corp.'s shares fell 12% after the computer chipmaker said orders in its fiscal second quarter slowed, even as profit more than tripled, beating expectations. Shares of National Semiconductor fell $3.625 to $27 as more than 6.4 million shares changed hands. Analysts said slowing orders, a "modest" outlook for next quarter and disappointing revenue at Cyrix Corp. were the reason for the reaction. National bought Cyrix, which makes processors that compete with Intel Corp.
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