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

To: Jock Hutchinson who wrote (13353)	6/30/1998 8:08:00 PM
From: Hightechhooper	Read Replies (3) \| Respond to of 25814

Jockey boy, Wow! It is good to see someone else worked up around here! However, consistent with your occupation your facts are all screwed up and, therefore, your conclusions are erroneous. Now, I could go point by point and correct your errors but that would be too humbling of an experience for you so I won't put you through that. But I will touch on some highlights 1) First, if you think LSI talking to Kurlak is the best thing they can do to support the shareholders you do have a lot to learn about marketing to the investment community. Did you read the interview with Kurlack at the end of last year where he laughed at companies who use analysts as their conduits? Even Kurlak thinks it is a dumb thing to do. All he did was to get his clients in...up the rating...get his clients out...and now bash the industry again. How does that help LSI? It doesn't, it helps his institutional clients make money which is what he is paid to do. 2) I thought during this recent down leg LSI bottomed at 21 give or take 1/4 and the sox bottomed about 226. Looks like they are both about 9% up according my calculations, so LSI outperforming the sox during this recent down leg has not happened. I know, I know numbers were never your strong suit that is why you became a lawyer. 3) How do you know how many CFO's I have spoken too? Supposing you are right (a big supposition mind you) what good does it do you if you don't even know the right questions to ask or it you don't understand the answers you are given? 4) MCHP is in a quiet period too! It didn't keep them from talking. 5) Not responding to daily market movements IS part of the problem. I have listed numerous examples of companies that DO respond to them for the benefit of the shareholders in order to limit volatility as much as possible. Overall Jockey boy, you are out of your league in talking about these issues. Your limitations mean you can't identify alterntives that offer improvements. Do you go to work everyday and say.."gee, there is nothing I can do better so why try"? Well, successful people and successful companies don't have that attitutude and that is what makes them successful. You may be satisfied with a B+, but had I ever gotten a grade that low I certainly wouldn't have been. I am happy to hear that you follow my posts so closely! Thanks, that really made my day!!!

To: Jock Hutchinson who wrote (13353)	6/30/1998 8:29:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 25814

Jock, hard to believe ;-), but yet another positive article on LSI-Symbios, from EE Times this time: eet.com How LSI Logic snapped up Symbios By Loring Wirbel with additional reporting by George Leopold MILPITAS, Calif. - LSI Logic Corp. wasted no time moving in on Symbios Inc. (Fort Collins, Colo.), after Adaptec Inc. dropped its acquisition efforts on June 25. This past weekend, LSI assembled a $760 million cash offer for Symbios, which was accepted on Sunday evening by Symbios' parent, Hyundai Electronics America Inc., and announced early Monday. LSI was one of the most aggressive alternative suitors for the Symbios assets in December 1997, and in some senses, its business is even more complementary to Symbios' offerings than Adaptec's. Symbios had put together a strong portfolio of cell-based cores and EDA design tools when it was known as NCR Microelectronics, and its storage-controller products augment LSI's own offerings in network controllers and Fibre Channel host adapters. Though LSI appeared to move on Symbios with unusual speed, the company had actually completed all due diligence on the deal in January of this year, an LSI Logic spokesman said. At that time, LSI executives had traveled to Colorado to meet Symbios officials and tour the Colorado Springs fab. By the time Adaptec announced its acquisition of Symbios in February, LSI had already completed all of its groundwork, the LSI spokesman said. When Adaptec dropped its offer June 25, LSI and Hyundai officials met around the clock to work out an alternate deal. The Hyundai board approved a sale to LSI on Saturday evening, the LSI's board approved the move on Sunday morning. A final deal was signed at 7:30 p.m. PDT on Sunday, June 28. On June 25, Adaptec chairman Grant Saviers said that the FTC staff had objected to his company's planned merger with Symbios because it misinterpreted the possible monopoly that would have been created by the combined Adaptec-Symbios. Specifically, the FTC looked at SCSI in isolation of other I/O standards, he said. In the emerging worlds of Fibre Channel and USB, for example, Adaptec and Symbios do not hold the dominant position they hold in SCSI. Ironically, LSI and Symbios may be able to assemble more comprehensive coverage of high-end storage control, due to LSI's early participation in Fibre Channel markets. But unlike Adaptec and Symbios, LSI does not participate in both chip- and board-level storage control markets, which should help ease future FTC concerns. The LSI spokesman said that the company was fairly optimistic that there would be no concerns from the FTC. Participants in the FTC's deliberations on Adaptec's failed acquisition of Symbios said LSI had not played any role in blocking the deal. "There were a number of interested parties who presented information to the agency," said an attorney representing one of those parties, but not LSI. "The FTC most heavily weighed information from customers." Aside from LSI, the source said at least one group of investment bankers was also looking to acquire Symbios. LSI's offer is slightly less than Adaptec's $775 million offer, and includes the assumption of all Symbios liabilities. LSI plans to take a charge of undetermined size in the current fiscal year to account for the acquisition. In addition to the Fort Collins, Colo. headquarters of Symbios -- which is the site of the company's ASIC design groups and of an older fab line -- LSI will gain a modern 8-inch 0.35-micron CMOS fab in Colorado Springs, as well as groups in Kansas responsible for system-level storage controller design. LSI chairman Wilf Corrigan will visit Colorado and Kansas in the next few weeks to meet with Symbios employees and explain LSI's business plans. The company will not know for the next few weeks whether any Symbios employees will be laid off following the acquisition, or how central the Colorado Springs fab will be to LSI's overall strategy.

To: Jock Hutchinson who wrote (13353)	7/1/1998 8:51:00 AM
From: Grand Poobah	Respond to of 25814

Well said, Jock. I found an interesting article about SOC on EE Times. It is about NEC and the challenges they face in taking on new SOC markets. It is just a reminder that all these other companies, especially the Japanese and Korean ones that keep making noise about SOC, are not just going to come sweeping into LSI's markets and destroy them overnight. eet.com NEC faces system-on-a-chip challenges By David Lammers TOKYO - System-on-a-chip designs pose plenty of challenges. For its part, NEC Corp. wants to have about 15 percent of its semiconductor revenues from system-on-a-chip designs by the year 2001. And while NEC executives are eager to squarely face the shift to SoC designs, their struggles are just beginning. G.P.