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Technology Stocks : LSI Corporation
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To: thomas hayden who wrote (14501)8/24/1998 2:50:00 PM
From: Jock Hutchinson   of 25814
 
Someone please correct me if I'm wrong but Symbios farms out
most of their manufacturing. I would think that a large part of
Symbios' manufacturing in the future will take place at the
Gresham plant.

Tom: Close. Symbios was about to farm out some future high end work, when it was taken over by LSI. However, those contracts were cancelled when LSI took over Symbios, since this next generation work will be done at Gresham. The emphasis is on next generation, so this will not add to the bottom line in the near future.

I also want to give another perspective to the remarks about Wilf taunting the shorts at Roby Stephens. LSI has been subjected to numerous rumors concerning its Sony business. These rumors have to date proven to be untrue. While it might be argued that LSI looks foolish attacking the shorts, when in less than a month LSI needs to preannounce, it might also be argued that Corrigan finally took the time to attack the rumor mongers who have been unfairly maligning LSI.
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