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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (27444)	7/25/2000 2:55:54 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68279

Let's hope the market bounces so TXCC gets a pop. Do you or anyone else follow LSI. Looks like an interesting related play to the Avici IPO on Wednesday. Anyone know where LSI earnings are? From S1 filing for Avici: We outsource our manufacturing operations to contract manufacturers that assemble and test our products in accordance with our specifications. Accordingly, a significant portion of our cost of revenues involves payment to these entities. Our cost of revenues also includes payments to LSI Logic, which develops several of our proprietary ASICs. These proprietary ASICs are very complex and LSI Logic is currently our sole source supplier for them. Our cost of revenues also includes overhead costs associated with our manufacturing, mainly material procurement. Warranty costs and inventory provisions will be expensed as cost of revenues. Avici article: Message 14095818 LSI News: 05-Jul-00 12:00 -- 13:00 ET Merrill Top 10 Adjustments : Merrill Lynch removing METHA, EXDS and TXN from its Top 10 List and is replacing them with Solectron (SLR 41 3/8 -1 1/8), Ariba (ARBA 97 1/16 -1 13/16) and LSI Logic (LSI 51 7/16 -6); others already on the list are: CSCO, EMC, ICGE, NT, NOK, PRSF, and XLNX. 16-Jun-00 10:00 -- 11:00 ET LSI Logic (LSI) 60 -1: Bear Stearns reiterates BUY rating and price target of $100 after an upbeat presentation at the Bear Stearns Tech Conference. 05-Jun-00 10:00 -- 11:00 ET LSI Logic (LSI) 63 3/4 +1 1/4: Lehman Brothers initiates coverage with a BUY rating and price target of $85. As LSI fills its underutilized Gresham fab: 1) gross margins should expand from 42% in Q1 to 52% by 2001, 2) LSI should be able to gain market share, and 3) incremental revenue and margin leverage should provide upside to EPS starting in 2H:00 as the expense ramp slows. 22-May-00 BEFORE THE OPEN LSI Logic (LSI) 46 1/4: Company announces the acquisition of DataPath Systems, Inc. for approximately $420 mln. DataPath Systems is a communications chip company; see press release. 17-May-00 BEFORE THE OPEN LSI Logic (LSI) 52 1/2: Company to acquire privately held, IntraServer Technology, for approximately $70 mln.; see press release. 10-May-00 14:00 -- 15:00 ET LSI Logic (LSI) 44 3/16 -5 3/8: Mrgn Stnly Dn Wttr reiterates STRONG BUY rating and price target of $100; believes LSI is well positioned to capitalize on the high growth trends within networking markets.