MAJOR INTEL piece of work CUTS PRED...

MAJOR INTEL piece of work CUTS PREDICTED

Intel Corp. might make an incision in at least 10,000 jobs nearest week, or about 10 percent of the chipmaker's work force, in efforts to slash $1 billion in prices this year. Chief Executive Officer Paul Otellini will discuss the proceeds of a 90-day internal review with employee Tuesday, said Patrick Ward, a spokesman for Intel. onward Friday, Ward called reports forward job cuts "speculation." Mark Edelstone at Morgan Stanley is among analysts who predict at least 10000 chisels

NXP'S nearest STEP TO SPEND MONEY

NXP the semiconductor unit of Royal Philips Electronics NV being sold to buyout firms, might use its more than $15 billion for acquisitions to prop up its position in mobile-phone chips. NXP said it is committed to bolstering profit margins plant by its former parent company, aiming for operating profit as a percentage of sales of between 5 percent and 15 percent Frans van Houten who heads NXP said Friday. Kohlberg Kravis Roberts & Co Silver Lake Partners and AlpInvest Partners forward Aug. 3 agreed to purchase an 80.1 percent stake in the chip unit from Amsterdam-based Philips for 34 billion euro

CHINESE FIRM MUST ALLOW UNION

Embroiled in a dispute above its labor policies, a Chinese supplier of Apple Computer's iPod has been told to give leave to its more than 200,000 workers establish up a trade union, reports said Friday. Hongfujin Precision Industry Co is onward a list of companies in the southern city of Shenzhen that have been ordered to fix up such a union, which would be affiliated with the government's All-China Federation of Trade Unions, the official Xinhua of recent origins Agency reported.

ALCATEL pervert with money [i]or[/i] gains NORTEL UNIT

Alcatel SA, the world's largest maker of broadband Internet gear, agreed to pervert with money [i]or[/i] gain a high-speed mobile-phone-equipment business from Nortel Networks Corp. for $320 million to challenge Ericsson AB and Nokia Oyj Nortel is selling its universal mobile telecommunications service, or UMT outcomes and patents to Paris-based Alcatel.

Copyright CHICAGO SUN-TIMES 2006

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