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BRIEF-Richardson Electronics Q1 sales fell 10 pct to $33.4 mln

Oct 5 Richardson Electronics Ltd

* Richardson Electronics reports first quarter fiscal 2017 results and declares quarterly cash dividend

* As part of reduction in workforce, plan to record $1.3 million in severance expense in Q2 of fiscal year 2017

* Q1 sales fell 10 percent to $33.4 million

* Implemented a reduction in workforce in September 2016

* Expect to achieve annualized savings of $3.0 million from workforce reduction

* Qtrly loss per share $ 0.23 Source text for Eikon: Further company coverage:

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