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

To: 16yearcycle who wrote (22529)	7/28/2000 2:18:11 PM
From: Dan Spillane	Read Replies (2) \| Respond to of 25814

Cool trick! Have two "accidents" which affect your revenue, and then buy back your own stock! But then again if Nokia can do it, why not LSI?

To: 16yearcycle who wrote (22529)	7/28/2000 2:40:19 PM
From: shoe	Read Replies (1) \| Respond to of 25814

This from Bob Pisani at CNBC regarding analysts concerns about LSI: "...if they can't grow their top line in this enviornment, that's bad." No mention of the $20 million going into the next quarter, but from what I've been reading, analysts say they're still short the $672 million revenue projected for the quarter. This focus on revenues may be an after effect of analyzing so many internet stocks that have huge revenues and no profits. Sort of ironic that a company with great revenues and profits gets the karate chop. It indicates how fearful investors are right now, like a teenager looking at pimples, even the slightest perceived blemish is a horrible disfigurement. I wonder what it will take to turn this negative sentiment around: maybe if the fed doesn't raise rates in August or do we have to wait for them to start dropping rates? Or as chip and chip equipment companies continue to announce great earnings over the next two quarters, rational thinking may again prevail--no, more likely sentiment will shift back to positive, meaning that mindless buying will replace mindless selling. Always appreciate the information I get on this thread. pjm

To: 16yearcycle who wrote (22529)	7/28/2000 2:59:51 PM
From: uu	Read Replies (2) \| Respond to of 25814

LSI Logic to repurchase up to 5 mln of its shares MILPITAS, Calif., July 28 (Reuters) - LSI Logic Corp. (NYSE:LSI - news) announced on Friday that its board has authorised the repurchase of up to 5 million shares, or 1.6 percent, of the semiconductor company's common stock. ``We are optimistic about LSI Logic's outlook and we believe repurchasing shares of our common stock at the present valuation levels is beneficial to our shareholders,'' Wilfred Corrigan, LSI's chairman and chief executive officer, said in a statement. LSI said it will utilize the repurchased shares in connection with employee stock option programmes and for other general corporate purposes. The company has about 307 million shares outstanding