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To: shane forbes who wrote (15003)	9/15/1998 9:52:00 AM
From: Moonray	Respond to of 25814

Serano Systems Announces Enclosure Management Product Family; Serano Offers Comprehensive SES, SAF-TE and IPMI Enclosure Management Solutions - BW, 09:08 a.m. Sep 14, 1998 Eastern COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Sept. 14, 1998--Serano Systems Corporation introduces a family of integrated circuits (ICs) and software ideal for in-band SES and SAF-TE, and out-of-band Intelligent Chassis Management Bus (ICMB) enclosure management solutions. The common hardware and software implementation of the SSC050 Backplane Controller, and the SSC100 and SSC200 Embedded Controllers greatly reduce the cost, complexity and time required to implement enclosure management. The product family was developed with system-on-a-chip leader LSI Logic Corporation(NYSE: LSI), utilizing its proven CoreWare design program. "We are pleased to have Serano Systems enclosure management products join the broad range of Fibre Channel drive controllers, host adapters, switches and hubs enabled by LSI Logic ASIC and CoreWare technologies," said Dennis Hill, director of LSI Logics storage products business unit. "Serano Systems enclosure management hardware and software products provide a wide range of solutions for mission-critical applications. With their modular architecture, Serano Systems is well positioned to support parallel SCSI and serial Fibre Channel applications." guide-p.infoseek.com o~~~ O

To: shane forbes who wrote (15003)	9/15/1998 10:27:00 AM
From: BWAC	Respond to of 25814

Re: " mr. VLSI is now trading at slightly above cash value - another "free" company." And it is below the $12 per share book value.?! And Mr. LRCX is also trading near its $9 cash on the books and below its $15 book value. Go figure. Sure hope LSI doesn't fall to these levels.

To: shane forbes who wrote (15003)	9/15/1998 1:33:00 PM
From: uu	Read Replies (2) \| Respond to of 25814

Any thought on the following comments made by AMAT's CFO: ''The industry will recover but not to its previous growth levels,'' Bronson said, adding that he believes the semiconductor equipment industry growth peaked at 30 percent. Here is the complete story: Applied CFO says 1999 is ''imponderable'' SAN FRANCISCO, Sept 14 (Reuters) - Applied Materials Inc. Chief Financial Officer Joe Bronson said that it is impossible to predict whether the semiconductor equipment industry will see any growth in 1999. ''1999 is an imponderable situation,'' Bronson told reporters after speaking at a NationsBanc Montgomery Securities investment conference. ''You can't say whether it will be growth or not ... Japan is a big imponderable.'' Bronson also said that the current semiconductor industry downturn is one of the industry's toughest, and that he does not believe the industry will resume its previous growth levels. ''The industry will recover but not to its previous growth levels,'' Bronson said, adding that he believes the semiconductor equipment industry growth peaked at 30 percent. He also predicted that as a result of the ongoing industry slump, more chip companies, chip equipment makers and companies in the supply chain will consolidate. Bronson said that Applied is always looking at acquisitions, but that even without doing any deals, the company expects to reach $8 billion to $10 billion in revenues by 2002. Bronson said that he believes Applied, which is the world's biggest maker of semiconductor equipment, is still well-positioned because it is not halting its investment in research and development during this downturn. ''The most difficult part is preparing for when it changes,'' Bronson said, adding that when the industry turns around, it will suddenly jump from overcapacity, as it is today, to customers being on allocation for certain products. Bronson said that Applied's current restructuring plan is aimed at achieving break-even results at $600 million in revenue per quarter. ''That is the point where we will not cut any more muscle,'' he said. Applied first tried to avoid layoffs by offering voluntary severage packages, but last month, the Santa Clara, Calif.-based company announced a major layoff plan.