SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?


To: G. H. who wrote (14612)8/28/1998 3:22:00 PM
From: BWAC  Read Replies (1) | Respond to of 25814
 
Is there a good omen in LSI possibly closing unchanged today on 2 million shares?? It would stop the string of nine straight days of declines.



To: G. H. who wrote (14612)8/28/1998 8:52:00 PM
From: Alain Dubreuil  Read Replies (1) | Respond to of 25814
 
Value Line comments on LSI on August 28

LSI LOGIC LSI Logic cautioned investors that weaker domestic and European order patterns will likely lead to lower sales and earnings for the third quarter. The company projects a decline of 5%-10% in revenues and 10%-15% in earnings for the September period, compared to the prior quarter. After adjusting our share-net estimates to reflect the slowdown, we now expect the company to post earnings of $0.85 for the full year, down from our previous target of $1.10. Since visibility into subsequent quarters is murky, we have not revised our 1999 projections. The financial results for the third quarter will likely provide a better picture of what's to come for LSI in 1999. The stock's Timeliness rank remains 3 (Average).