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To: Johnny Canuck who wrote (40353)	11/14/2003 2:57:44 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71138

11:00AM LSI Logic shares jump on IPO plan (LSI) by Steve Gelsi NEW YORK (CBS.MW) -- Shares of LSI Logic (LSI) are up 5 percent to $7.90 after the tech firm set plans to spin off its storage systems business in a possible initial public offering next year. The move will allow each operation to focus exclusively on its key product lines. LSI Logic's storage business rang up $104 million in revenue in the third quarter, or 23 percent of the company's total sales. LSI's board OK'd the spin-off. The company is weighing an IPO in the first half of 2004. LSI may distribute shares of the storage systems business in a tax-free transaction to its shareholders, or it may sell part of the company in an IPO.