Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Lee who wrote (20515)	11/1/1999 11:56:00 AM
From: Moonray	Respond to of 25814

RESEARCH ALERT - Merrill reinstates LSI Logic NEW YORK, Nov 1 (Reuters) - Merrill Lynch said it reinstated coverage of LSI Logic Corp. <LSI.N> with an accumulate rating in the intermediate term and a buy rating for the long term. -- Estimated 1999 earnings at $1.05 a share for 1999 and 2000 earnings at $2.21 a share. -- The Merrill report said, "With its intellectual property silicon cores and design methodology, we think the company offers a compelling value proposition to its customers: rapid time to market, lower costs and enhanced reliability." -- Set price target at $62 a share, based on a price-2000 earnings multiple of 28 times. -- Shares were at 54-3/16, up one, in early trading on the New York Stock Exchange. REUTERS Rtr 10:22 11-01-99 o~~~ O