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

To: FUZFO who wrote (13642)	7/17/1998 3:55:00 PM
From: Jock Hutchinson	Read Replies (1) \| Respond to of 25814

FUZFO: Isn't this company a player in the very same SCSI and Fibre Channel markets that LSI just further entered with its purchase of Symbios?

To: FUZFO who wrote (13642)	7/17/1998 4:15:00 PM
From: Hightechhooper	Respond to of 25814

Fuzfo, qlgc may have contributed to lsi's performance today due to the strong share gains mentioned below, although the exact nature of the competition is unclear to me. Importantly, their results came at the expense of others and was not due to a strong industry wide performance. Looking forward, this type of increased competition will likely lower margins for the segment. Friday July 17, 3:05 pm Eastern Time Qlogic shares rally on strong Q1 results NEW YORK, July 17 (Reuters) - Qlogic Corp. shares soared on Friday after the company reported first-quarter earnings that handily beat Wall Street expectations. The shares stood up 16-1/4 in late trading at 53-3/4 on volume of more than 2.5 million shares. Earlier in the day, the shares touched 55-7/8. The California-based company, which makes chip and board solutions for connecting storage servers and peripherals, said it earned $0.52 a share for the first-quarter, compared with $0.35 a share in the year-earlier period. The earnings rise came on a 33 percent rise in revenue, the company said. First Call's consensus estimate was $0.43 a share. ''Qlogic won a lot of strong market share from some big players and they are well positioned as this market kicks in,'' said Steve Denegri, an analyst at Morgan Keegan & Co. After the earnings news, Denegri raised his earnings estimate for the March fiscal year to $2.14 a share from $1.92 a share, he said. Friday July 17, 3:05 pm Eastern Time Qlogic shares rally on strong Q1 results NEW YORK, July 17 (Reuters) - Qlogic Corp. shares soared on Friday after the company reported first-quarter earnings that handily beat Wall Street expectations. The shares stood up 16-1/4 in late trading at 53-3/4 on volume of more than 2.5 million shares. Earlier in the day, the shares touched 55-7/8. The California-based company, which makes chip and board solutions for connecting storage servers and peripherals, said it earned $0.52 a share for the first-quarter, compared with $0.35 a share in the year-earlier period. The earnings rise came on a 33 percent rise in revenue, the company said. First Call's consensus estimate was $0.43 a share. ''Qlogic won a lot of strong market share from some big players and they are well positioned as this market kicks in,'' said Steve Denegri, an analyst at Morgan Keegan & Co. After the earnings news, Denegri raised his earnings estimate for the March fiscal year to $2.14 a share from $1.92 a share, he said.