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

To: Moonray who wrote (16702)	1/28/1999 8:15:00 PM
From: Ian@SI	Read Replies (3) \| Respond to of 25814

OT OT OT Looks like the gods were smiling on me today. I put in a limit day order to sell my position at 24 this morning. :-( It expired at 4PM. The closing price at that time was 23.75. I still have all my shares. :-))) Does anybody think we'll see better than $31 tomorrow??? ++++++++++++++++++++++++++ January 28, 1999 Tech Center LSI Logic Tops Expectations, As Revenue From Chips Climbs An INTERACTIVE JOURNAL News Roundup LSI Logic Corp. released fourth-quarter results that topped analysts' expectations, helped by a rise in chip sales for networking and storage gear. For the fourth quarter, the Milpitas, Calif., semiconductor maker posted net income of $13 million, or nine cents a diluted share, compared with net income of $30.7 million, or 22 cents a share, in the year-ago quarter. The latest results included a $17 million special item and $10 million of goodwill amortization. Income before the items was $8 million, or five cents a diluted share. Analysts had expected a loss of two cents a share. Revenue, meanwhile, rose 38% to $445 million, compared with $323 million in the year-ago period. LSI said it was well-positioned for an industry upturn, and pointed to several units that saw strong growth, such as the company's storage-systems division and its consumer-products division, which showed particular strength in video games and DVD applications.