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Technology Stocks : LSI Corporation

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To: Paul Lee who wrote (23911)	7/26/2001 4:41:35 PM
From: E_K_S	Read Replies (1) of 25814

Hi Paul- The story gets worse. Note the downward estimate for next quarter. LSI Logic said its second quarter results reflected the continuation of the widespread inventory correction in the supply chain and weakened end demand in global communications and storage markets. The company anticipates a third quarter loss of about 31 cents a diluted share before goodwill, sharply wider than the Thomson Financial/First Call consensus loss estimate of 4 cents a share, Third quarter revenue is expected to decline about 10% to 15% sequentially from the $465 million reported in the second quarter. Third quarter gross margin will be about 30% to 32% percent, reflecting a simultaneous bottoming in both revenues and factory utilization. In the year ago third quarter, the chip maker earned 33 cents a share before items, on revenue of $727.6 million. (MORE) DOW JONES NEWS 072601 ========================================================== Maybe next quarter will be the bottom of the cycle? EKS

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