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Technology Stocks : LSI Corporation

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To: G. H. who wrote (14612)	8/28/1998 8:52:00 PM
From: Alain Dubreuil	Read Replies (1) of 25814

Value Line comments on LSI on August 28 LSI LOGIC LSI Logic cautioned investors that weaker domestic and European order patterns will likely lead to lower sales and earnings for the third quarter. The company projects a decline of 5%-10% in revenues and 10%-15% in earnings for the September period, compared to the prior quarter. After adjusting our share-net estimates to reflect the slowdown, we now expect the company to post earnings of $0.85 for the full year, down from our previous target of $1.10. Since visibility into subsequent quarters is murky, we have not revised our 1999 projections. The financial results for the third quarter will likely provide a better picture of what's to come for LSI in 1999. The stock's Timeliness rank remains 3 (Average).

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