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To: ahp358 who wrote (1501)	8/19/1998 12:03:00 PM
From: Robert New	Read Replies (1) \| Respond to of 2346

Looks like another stock taking a major hit in today's market: LSI Logic Sees 3rd-Qtr Profit Well Below Expectations Milpitas, California, Aug. 19 (Bloomberg) -- LSI Logic Corp., one of the largest specialty chipmakers, said third- quarter profit will fall short of analysts' estimates because of lower-than-expected orders. LSI said it expects revenue to be up to 10 percent lower than the second-quarter's $330.1 million, and per-share earnings in the ''low-to-mid teens.'' Analysts were expecting LSI to earn 23 cents a share, based on a survey by First Call Corp. In early trading, LSI fell 2 1/16, or 11.3 percent, to 16 3/16, a 52-week low. LSI said its outlook doesn't include any charges for the pending $760 million cash purchase of the Symbios unit of Hyundai Electronics America, and doesn't include any results of Symbios. LSI expects to complete that transaction in the quarter. The outlook marks LSI's second time in one month that it warned investors about results. When LSI reported its second- quarter earnings on July, it told analysts third-quarter revenue and earnings per share will be unchanged from a year earlier. LSI earned $32 million, or 23 cents a diluted share, in the second quarter. LSI, the Milpitas, California-based maker of so-called application-specific integrated circuits, joins a host of other chip companies in reporting falling profits as the Asian economic crisis, slowing demand for personal computers and overcapacity have sent the chip industry into a decline. The company, the No. 1 maker of chips used in networking equipment, also is facing increased competition from larger companies such as International Business Machines Corp. LSI, like National Semiconductor Corp., has been pushing hard to develop system-on-a-chip technology, which combines the functions of numerous chips onto fewer ones, saving LSI's customers money and time in getting products to market. 10:07:35 08/19/1998 Any redistribution of Bloomberg content, including by framing or similiar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1998 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.