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

To: shane forbes who wrote (12058)	5/1/1998 3:02:00 AM
From: shane forbes	Read Replies (1) \| Respond to of 25814

S&P still rates hold but likes mo and estimates 10% revenue growth (believable conservatively) - also making fab. capacity argument: ---- 04/23/98 7:40 pm... MAINTAINING HOLD ON LSI LOGIC (LSI 28***)... Posts Q1 EPS of $0.22 vs. $0.28, in line with expectations... Revenues up 5%, reflecting strength from networking end markets... Co. notes minimal impact so far from Asian meltdown... Going forward, expect LSI to reap rewards of strong design-win momentum in recent quarters.. See '98 sales growth above 10%, with margins improving somewhat on higher fab utilization... Much will depend, however, on strength of served end-markets... Given uncertain industry environment, think shares fairly valued at 17.5 times our '99 EPS estimate of $1.60. /B.McGovern ---- Shane.