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Technology Stocks : LSI Corporation

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To: shane forbes who wrote (11005)3/19/1998 7:58:00 PM
From: RFF  Read Replies (2) of 25814
 
From Briefing.com:

Dallas Semiconductor (DS) 38 15/16 +3/16: chip maker warns that it expects Q1 earnings to be in line to slightly lower than yr-ago net of $0.50 a share; puts sales down 6% sequentially. Wall Street was expecting the company to earn $0.62 a share for the qtr. Company cites weakness in wireless market caused by Asian financial breakdown. Company also issues "cautious" outlook for the 2nd qtr. DS is the 10th company from semiconductor industry to warn this season.

The wireless area seems to be killing other semi companies. Glad that LSI is just ramping up their wireless business - hopefully won't have much of an impact on them.
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