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Technology Stocks : LSI Corporation

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To: Beachbumm who wrote (14399)	8/19/1998 6:29:00 PM
From: Moonray	Read Replies (1) of 25814

Earnings Downgrade: LSI<LSI.N>, ADI<ADI.N> tumble on earnings REUTERS - 08/19/98 1:58PM Dan Niles, a BancAmerica Robertson Stephens analyst, said he cut his 1998 earnings estimates on LSI Logic to $0.72 a share from $0.87 a share previously. He cut 1999 estimates to $0.83 a share, from $1.27 previously. "It was mostly U.S. driven, U.S. bookings were the major shortfall," Niles said. "It's really broad based, you cannot point to one single customer." LSI chairman Wilf Corrigan said in a statement that the slowdown of the global semiconductor industry is now completing its third year, which is the longest slow period ever experienced in this industry. o~~~ O

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