TECHNOLOGY - Nov. 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.
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