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

To: E_K_S who wrote (25167)	8/19/2002 2:07:43 PM
From: telecomguy	Respond to of 25814

I agree...but VoIP apps are potential killer apps that could really take LSI to the next level. Certainly the profit margins should be much higher in these new emerging markets until they also get commoditized. LSI appears to be a good buy here but I have been burned so many times by false rebound in the chip sector that I've become somewhat gun-shy! LSI is however very tempting....although I would like to see more competitors in the LSI field go bankrupt before I feel confident enough to add more at this point. Does anyone know the list of LSI competitors? And how many gave gone tits up or is about to go bankrupt? Can't imagine too many programmable chip players are in good financial condition these days considering the severe downturn we have been experiencing in the chip sector.

To: E_K_S who wrote (25167)	9/2/2002 11:42:10 AM
From: E_K_S	Read Replies (1) \| Respond to of 25814

Posted on Mon, Sep. 02, 2002 (http://www.bayarea.com/mld/mercurynews/business/3987358.htm) LSI chief executive buys 100,000 company shares By Dan Lee Mercury News LSI Logic Chairman and Chief Executive Wilfred Corrigan purchased $766,790 in stock of the semiconductor company July 31. The company's founder bought 100,000 shares for about $7.67 each, according to Thomson Financial. The move brings his holdings in LSI to 9.92 million shares. ``When he believes that the stock is undervalued, he will actually go into the market and purchase stock,'' LSI spokesman Kevin Brett said of Corrigan's move, adding that the CEO sees a gradual recovery for semiconductor companies. The purchase came between July 24, when LSI announced a second-quarter loss narrower than a year earlier, and Aug. 14, when the stock hit a 52-week low of $6.15. Shares of the Milpitas company, which makes specialty chips for computer data-storage systems, closed at $7.33 Friday. After Corrigan's eight prior purchases of LSI shares, the stock has gained an average of 48 percent in the next six months, according to an analysis by Thomson Financial. However, after his last purchase -- 20,000 shares in January 2001 -- shares of LSI fell 12 percent during the next six months.