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

To: sea_biscuit who wrote (24126)	9/6/2001 1:25:18 PM
From: E_K_S	Read Replies (1) \| Respond to of 25814

Here are NSM results reported today... National Semi Q1 results in line with estimates (UPDATE: adds outlook, stock price) SANTA CLARA, Calif., Sept 6 (Reuters) - National Semiconductor Corp. (NYSE:NSM - news) reported a fiscal first-quarter loss of 31 cents per share on Thursday, as the chipmaker was hurt by an industry slump. The company reported a loss of $54.6 million on revenues of $339.3 million for the quarter ended Aug. 31, compared with a profit of $149.4 million, or 76 cents per share, on revenues of $640.8 million in the same period a year earlier. Analysts on average had projected a loss of 31 cents per share on that basis, with forecasts ranging from a loss of 26 cents to a loss of 34 cents per share, according to Thomson Financial/First Call. The company said it expects second-quarter sales to rise 5 percent to 7 percent from the first quarter, with a loss comparable to the first quarter. Gross margin percentage is also expected to be comparable to the first quarter, it said. National Semiconductor makes analog chips used in a range of computing, communications and industrial applications. Shares in the company have rebounded by 49 percent so far this year and outperformed the broad chip sector by a wide margin. Shares of National Semiconductor had fallen about 27 cents, or less than one percent, to $29.95 on the New York Stock Exchange, before trading was halted in advance of its quarterly financial release. --------------------------------------------------------- They see sales rising next quarter but still will show losses. Then by Q2 next year revenues may start to grow again. This bodes well for LSI if in fact we hit bottom for the cycle. I think there will be more sellers in the next 10 weeks as psychology and sentiment is last to turn. Notice how both NSM and LSI are still much higher from their late 1998 lows which was the previous bottom of the cycle. EKS P.S. Picked up some ATI today but want to buy more at lower prices. $13-$15 is my next buy range. Also, I started to accumulate GLW and my next buy range is $9-$10.