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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (19509)	7/22/1999 7:21:00 PM
From: Moonray	Read Replies (2) \| Respond to of 25814

LSI: Continued Progress Seen in June Salomon Smith Barney - July 22, 1999 07/22/99 LSI Logic (LSI $50.25,1-S,Tgt $62.00) Clark Westmont -- SUMMARY:--LSI Logic--Semiconductors LSI posted June quarter sales of $501 million and earnings before goodwill of $0.21 per share, well ahead of our $484 million and $0.19 EBG estimates (First Call consensus EBG was $0.18). Strength was broad-based but particularly solid in networking chips and storage (servers and RAID system) applications. The book-to-bill ratio is well above 1.0, and the business momentum has continued into July. *Given the better-than-expected results and the current tone of business, we are raising our 1999 EBG estimate from $0.99 to $1.00 and 2000 from $1.83 to $2.07. Price target now $62 (was $50). o~~~ O