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To: Jock Hutchinson who wrote (19459)	7/21/1999 9:10:00 PM
From: patrick tang	Respond to of 25814

Thanks for the summary. I think the most significant thing is the CDMA. If LSI can be in a position to battle to be #1 or 2 for CDMA, I think going $100/share should be no problem. Looking to the next cc call in 3 months already to listen to the next installment of this CDMA saga. Other than that, might as well spend the next 9 months at the beach. patrick

To: Jock Hutchinson who wrote (19459)	7/21/1999 9:57:00 PM
From: M.	Respond to of 25814

Jock: Thanks for the summary. Very good information and I know you put a lot of work into it. Good luck with the new baby. I wish I could be so lucky. Shane: Appreciate your comments, too. Don't quit. MFS

To: Jock Hutchinson who wrote (19459)	7/21/1999 10:01:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 25814

Jock, Gracia for the CC notes and opinions. Like an associate said to me when my second (and last) son was born: what's an old dude like you doing having kids? <G> Tony

To: Jock Hutchinson who wrote (19459)	7/21/1999 10:47:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 25814

I asked Mona Eraiba, the analyst at Gruntal who was the only one to have a strong buy on LSI through thick and thin (I believe) and she picked my question and answered it! multexinvestor.com Mine is the penultimate question. You may need to register. The real important stuff: - 20% is now standard products (Holy Cow!) - 25% is the estimated growth rate for std. cells in 1999, lower next 2 years - SC2000 she likes - Got the Japan news as well... - She 'reiterates' her Strong Buy on LSI Thank you Mona! Big KISS!

To: Jock Hutchinson who wrote (19459)	7/22/1999 12:02:00 AM
From: shane forbes	Read Replies (1) \| Respond to of 25814

---- "What are doing in terms of shutting down SCUBA?" Had to smile at this one. It is 'Tsukuba' - the location of a Japanese fab. Can you imagine the serious Japanese Americanizing a fab with a nickname of SCUBA? <g> ---- BTW a certain workstation maker did well today. Guess who builds ASICS for their new snazzy workstations? You got it - Mr. LSI. Workstations are a solid business. See! ---- Briefing.com commentary: LSI Logic Corp. (LSI 49 11/16 -9/16) Despite growing top line by 49% and beating estimates by three cents in posting earnings of $0.21, LSI drifted lower in yet another case of buy the rumor, sell the fact My comment: A Crameresque Wrong! and a Shanesque 'We shall wait and prosper'. ---- Finally I saw your comment about Juniper. And I go back to something I will not waver from - no comments on 'small' stocks - by small I mean 'assets' or 'equity' - if either is under a $1.0 billion I keep the dirt to myself (BTW my median cap is $700 mil right now.). The naysayers could make a 'real' case about being a shill if I started to mouth off here. Sorry. ----

To: Jock Hutchinson who wrote (19459)	7/22/1999 12:21:00 AM
From: Jock Hutchinson	Read Replies (2) \| Respond to of 25814

Diffuse Thoughts on Today's Conference Call. The overall big picture is very good, since Wilf is predicting forward growth of 6 to 8 percent for both quarters sequentially. But that doesn't even begin to portray the absolutely superior outlook that is being painted. Clearly, we have not yet even begun to approach the peek for DVD, DCAM. STBs, and PS II. So all of those goodies begin in earnest in '00 and this product cycle will continue well into '01 and beyond as will the Internet buildup, which is distinguishable from the typical semiconductor cycle. Thus it is quite likely that there will be a longer-term cycle in '02 that in part will mitigate the tyopical semi cycle that pertains to overinvestment. Obviously the wild card is CDMA. If LSI shows that is can consistently more CDMA product and Dahnes'a scenario of the CDMA market is correct then it is very likely that LSI could show $4.00 per share for '01 with a forward PE of 40. Compared to CDMA, everything else is small potatoes. What I find interesting about the CDMA scenario is that LSI would quite possibly be capacity constrained in '01 and '02 if it were not for Silterra. Thus, Silterra now makes an awful lot of sense, because those facilities could be used for some of the consumer work if the demand exceeds the supply that Gresham is able to produce. Am I the only person, but it seems to me that LSI is trying awfully hard to showcase its systems storage business to the extent that it is highlighting its performance in a way that it does not highlight other market segments. And they will clearly have a lot of initial success due to the previous dearth of international marketing expertise that stunted Symbios Storage Systems growth. In short, it looks like some managerial expertise could rapidly enhance the shareholder value of Storage Systems to the extent that in a year, that division alone will sell for the purchase price of all of Symbios, thus bringing about $700 million in cold cash to LSI's coffers—a great start on the next generation cutting edge fab or other IP that is more suitable to their portfolio.