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Technology Stocks : LSI Corporation

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To: who started this subject	1/24/2001 12:18:35 PM
From: Paul Lee	Read Replies (2) of 25814

If Wilf is right Robbei Stevens #'s are way low LSI Logic Corporation (NYSE: LSI) $24.00 Buy 2001E EPS: $1.00, down from $1.60 Eric Rothdeutsch, Semiconductors/Computer Hardware "LSI reported 4Q00 EPS of $0.34, in line with our and the Consensus estimate," said Rothdeutsch. "Revenues of $750.6 million were up 3.2% QoQ and in-line with our $753 million estimate and the company's revised guidance. As a result of sharply lower guidance and the continuing inventory correction, we are lowering our F2001 revenue and EPS estimates downward from $3.47 billion and $1.60 to $2.96 billion and $1.00, respectively. Although softer demand and the ongoing inventory correction have become facts of life for the semiconductor industry, LSI's continuing design win momentum, stable ASPs and leading-edge process technologies should lessen the impact of the weak overall market. We are maintaining our Buy rating on LSI and 12-month price target of $27, or 27 times our new F01 EPS estimates of $1.00."

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