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Technology Stocks : LSI Corporation

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To: bob zagorin who wrote (23039)	10/25/2000 7:20:44 PM
From: Andreas	Read Replies (2) of 25814

Can you believe this nonsense? Check out the following! Bloomberg reports as follows, "Wilfred Corrigan, chairman and chief executive of LSI Logic Corp., the biggest maker of custom semiconductors, discuses the computer-chip industry and the stock market. The Milpitas, California-based company said yesterday that third-quarter profit fell 65 percent because of acquisition costs, while sales rose 35 percent on sales of communication chips." Sales and profits nearly doubled!!!!! What planet is bloomberg on? Is this the extent of the quality of their reporting. What happenned? Did they get data from another company confused with LSI data? total stupidity. Sounds like the S&P error today wherein they reported earnings of 6 cents a share!! Can you believe it?? What a bunch of neanderthals!!!!

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