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New Braunfels Herald Zeitung: Sunday, October 27, 1985 - Page 3

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   New Braunfels Herald-Zeitung (Newspaper) - October 27, 1985, New Braunfels, Texas                                Texas Instruments lays off New Texas October Page 3A COLLEGE STATION AP A shocked silence greeted news that Texas Instruments plan to weather a sharply depressed semiconductor industry did not include its College Station It was a shock when someone tells you your job is going site manager Ed Kuehn said after TI announced Friday it was closing two laying off more employees and rearranging its It was some he TIs College Station which employs about 250 will be shut down along with the firms 900person operation in El company spokesman Jim Bradbury said from TIs Dallas headquarters Itt the waferproduction facility at TIs Northwest Houston plant will close and be con solidated in Temple as the company tries to shave more than million from its operating Bradbury The job cuts bring to the number of layoffs the company has been forced to make since the year he After the latest TI will employ about I cant speculate on whether there will be further cuts in Bradbury What we really need is an improvement in the semiconductor The layoff news followed another quarter of depressed earnings for the Dallasbased elec tronics The company announced a thirdquarter loss of or per compared with net income of or per in 1984s third Excluding charges for plant closings and em ployment the thirdquarter loss would have been 76 cents per Tl Chairman Mark Shepherd Net sales billed for the three months ended 30 were down 16 percent from last years third and Shepherd attributed that loss to sharply reduced volume and lower prices for During 1985s first nine net sales billed were down 12 percent from the same quarter of Yeartodate net loss was or per compared with net income of or per in the first three quarters of In addition to the TI will defer for at least six months wage and salary increases that would have taken effect in the first half of Shepherd We understand the personal impact of this decision on Tiers throughout the but we believe this is a necessary step to keep operating costs under tight control during this difficult he Charges for TIs writedown of manufacturing capacity and other plant consolidations weighed heavily on the companys third quarter earnings and current market conditions indicate that these actions will not return the company to profitability in the short Shepherd Last United Technologies announced that it was closing its Mostek a semiconductor producer headquartered not far from after months of piecemeal Shepherd TIs balance sheet remains and financial resources are adequate to support our Tls cash balance at the end of the third quarter was compared with million at the end of this years second quarter and million at the end of Although the College Station and El Salvador plants will be TIs Northwest Houston plant will lose only its wafer division and will still house a geophysical systems Bradbury The closings and consolidations will begin during the fourth and some will take six to nine months to he Vjfssrrt up m no picH c r c I V 11 i r if in sf imf in r c N HI Mil U I I Achilles Lauro hijack Italian officials issue warrant for Abbas arrest Sicily AP Italian judicial authorities have issued an arrest warrant for PLO official Mohammed Abbas in connection with the hijacking of the Achille Lauro cruise Italian news agencies reported The agencies AGI and ANSA said that the warrant was issued by magistrates in Siracusa who are investigating the hijacking together with prosecutors in AGI said Abbas was charged with hijacking and transportation and possession of arms and The United States has accused a member of the Palestine Liberation Organization executive of masterminding the At least five suspects are in custody in connection with the hijacking in which a 69yearold American Leon Klinghoffer of New York was They include the four men accused of taking control of the ship on 7 and an Arab arrested in Genoa in News agencies said another suspect identified as Yousef Ah Youseb was arrested in The news agencies said a was picked up several days ago and was being held in a northern jail for interrogation by magistrates in where the liner began its cruise before being hijacked 7 off ANSA said he was believed to be Will Reagan go along with cuts WASHINGTON AP House Democrats are raising questions about whether President Reagan would go along with mandated cuts in military spending that could be triggered 6y a plan to force a balanced federal budget by The answers to their questions are critical to the future of the landmark Congressional negotiators considering the Senate passed plan to erase budget deficits by 1991 are set to begin serious bargaining this week in an attempt to draft a version that can pass both houses of They have spent the last two weeks trying to un derstand the implications of the proposal for the way the government does Under the Senate plan that Reagan has there would be statutory ceilings on budget beginning with billion in the current fiscal year and decreasing by billion a year until zero is reached in If Congress and the White House are unable to agree on steps to meet the annual the plan would direct the president to impose acrosstheboard spen ding cuts to keep deficit spending within the Such action would be suspended in times of So critics also are questioning The constitutional implications of the automatic cuts that could be triggered in the plan and whether this represents an undue transfer of power from Congress to the White Whether such automatic regardless of the nations economic could set off a string of How to figure when the automatic cuts should be triggered and then what would be What is the base line to be used as the yardstick for determining whether specified goals are being At the end of last Defense Secretary Caspar Weinberger fueled new concerns with comments that the president will reject a plan that could force cuts in the Pentagons The president cant have lus constitutional authority constrained to the point where his only consideration the attempt to reduce Weinberger said in an interview with Human a conservative weekly We cant have our defense and our security policy be a total prisoner of a rigid formula designed to try to reduce the he The comments set off alarms on Capitol where legislators said they were concernedabouTthe ad ministrations commitment to the plan and how the president would react to the order for acorsstheboard If in the next five days we develop a good deal of doubt on that honest then I think the things in deep water with both Democrats and said Richard one of the House But Warren one of the co authors of the plan with Phil RTexas and Ernest dismisses Weinbergers Weinberger is speaking for hes not speaking for this Rudman He also scoffed at suggestions the president would ignore mandated Any president who were to I choose not to obey this part of the law but I will obey that part of the is going to find himself quickly enjoined by a court of competent Rudman Democrats have said they may ask Weinberger and other senior Reagan administration officials to appear before the conferees to explain how Reagan would carry out cuts provided under the time is becoming a factor because the plan is attached to urgentlyneeded legislation raising the national debt limit the governments borrowing authority to more than The government has reached its current borrowing limit of trillion and has used a variety of bookkeeping tricks and unprecedented actions to keep money in the federal Engine fire aborts flight GRAPEVINE AP A fire aboard a jumbo jet broke out when some unused fuel ignited in an engine forcing the pilot to abort takeoff for a flight to San a Delta Air Lines official There were no injuries in the in cident Friday night involving the threeengine Lockheed L1011 Federal Aviation Ad ministration spokeswoman Gerrie Cook The pilot activated an internal extinguisher in the putting out a fire A grass fire that started below the plane was ex tinguished by fire crews at DaUas Fort Worth International said Delta spokesman Jim A flight who apparently sew the flames from inside the released the internal emergency chute and some of the passengers 15 of the 213 passengers fled Jown an emergency and the remaining passengers and crew of 13 safely evacuated the plaoe minutes after the Cook Custom Made ALUMINUM AWNINGS We manufacture original designs to fit your installations Residential Commercial Institutional t Free Estimates IN STORE DISPLAY We Service What We Sell Walnut 6253477 implicated in the organization of the RAI said he was suspected of providing false passports to the AGI said the television said the suspect was captured at a camping site outside Rome on the basis of information provided by two hijackers who reportedly are now cooperating with an investigator said that the Achille Lauro pirates killed Klinghoffer in cold and not in the heat of passion during a struggle as some have Luigi Carli of who is in vestigating the hijacking and said in a telephone interview that the four Palestinians had planned to kill a passenger on the cruise Better Protection and pricing at its Both are found in Southwestern Lifes competitive term You qet more protection for less And if you think that sounds call your local Southwestern agent for Our rates will sound even Henry Martin 352 Landa New Texas 78130 6252343 Southwestern Life People with Answers It Doesnt Make but It Sure Makes If owning a CodeAPhone 2540 telephone answering machine is like having a fulltime secretary or butler without the The 2540 never gets never takes never asks for always gets your messages word for and wouldnt think of cutting off your caller before hes finished And with its microcassette it takes up less space than a small With the CodeAPhone you can call from any Touch phone in the world to instantly retrieve your mes by using the keys on the you can speed 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