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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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BUSINESS
January 22, 1999 | Bloomberg News
Cypress Semiconductor Corp., which makes microchips for computers and telecommunications uses, agreed to buy IC Works Inc., a closely held maker of integrated-circuit timing equipment, for about $130.2 million in stock. Cypress, which reported 1997 revenue of about $500 million, will issue 13.7 million shares of its stock to ICW shareholders. ICW has annual revenue of about $70.4 million. San Jose-based Cypress said it expects the acquisition to help it penetrate the PC market.
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.
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
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
December 3, 1987 | RALPH VARTABEDIAN, Times Staff Writer
The electronics company that Howard Hughes built has operated for three decades in relative obscurity but its new owners at General Motors have been struggling in recent months to sharpen its profile. Hughes Aircraft will host today and Friday the first large meeting for securities analysts it has ever held--part of an effort by GM to stimulate interest in the aerospace giant.
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
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 22, 1999 | Bloomberg News
Cypress Semiconductor Corp., which makes microchips for computers and telecommunications uses, agreed to buy IC Works Inc., a closely held maker of integrated-circuit timing equipment, for about $130.2 million in stock. Cypress, which reported 1997 revenue of about $500 million, will issue 13.7 million shares of its stock to ICW shareholders. ICW has annual revenue of about $70.4 million. San Jose-based Cypress said it expects the acquisition to help it penetrate the PC market.
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.
BUSINESS
October 1, 1998 | Reuters
Two former executives of California Micro Devices Corp., a semiconductor component maker, were accused of illegal insider trading and financial reporting fraud, the SEC said.
BUSINESS
August 24, 1998 | Reuters
High-tech equipment maker Varian Associates Inc. said it will spin off its core businesses to counter the effects of a weak semiconductor sector. The plan, approved by its board last week, would split Palo Alto-based Varian into three businesses focused on health-care systems, semiconductor equipment and scientific instruments. After the split, Varian would form three separately traded public companies of similar size, the company said.
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