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Technology Stocks : LSI Corporation
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To: michael97123 who wrote (23607)2/10/2001 12:42:38 AM
From: Andreas  Read Replies (1) of 25814
 
To:Michael97123

With today's close we are sitting right about where january began and hence we have lost all of January's gain. As for news on LSI. Absolutely there is news. Corrigan will be guiding further down. Read this interview with Corrigan.

— "LSI Logic Corp. chairman and chief executive officer Wilf Corrigan harbors no illusions about the current economic situation. Not only does he see a full-blown recession, the company may even push out its newest fab project if business conditions do not warrant the additional capacity.

"Obviously we are going through a correction right now, but I think the situation is much more severe than anybody has said," Corrigan told EE Times in an extensive interview. "I think we are in a recession right now, and that we are looking at coming in for a hard landing. People keep talking about a soft landing. Well, I keep looking around for the people who are sitting on pillows, and I just don't see them."
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