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Technology Stocks : LSI Corporation

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To: Beachbumm who wrote (11678)4/17/1998 3:27:00 PM
From: Moonray  Read Replies (3) of 25814
 
LSi Announces Preliminary Results For 1997 And Expected
Filing Date For 10-KSB - 08:24 a.m. Apr 16, 1998 Eastern

CLEARWATER, Fla., April 16 /PRNewswire/ -- Lasergate Systems, Inc.
(LSi) (Nasdaq: LSGT) today announced that it expects to file
its Annual Report on Form 10-KSB with the Securities and Exchange
Commission (SEC) by April 30, 1998.

According to LSi, discussions with potential strategic partners
and the consideration of several financing proposals were among the
reasons for the delay of the filing.

In a good faith effort to keep its shareholders informed, LSi
also announced that it expects to report revenues of approximately
$4.9 million and a net loss of approximately $2.9 million for the 12
months ended December 31, 1997.


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