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To: GST who wrote (17122)	2/22/1999 8:49:00 AM
From: Paul Lee	Read Replies (2) \| Respond to of 25814

LSI Logic Incorporates Verisity's Specman Elite as Functional Verification Platform LSI Logic Also Announces Equity Investment in Verisity MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Feb. 22, 1999--LSI Logic Corporation (NYSE:LSI - news) and Verisity Ltd. today announced that LSI Logic has made a financial investment in Verisity and has included Verisity's Specman Elite tool as its principal functional verification platform. LSI Logic will use Specman Elite in multiple sites worldwide to support distributed product development and ensure the reliability of its system-on-a-chip solutions. ''Functional verification is becoming a critical issue in system-on-a-chip design,'' said Dan Weed, vice president of worldwide customer engineering at LSI Logic. ''Maintaining a consistent and standardized verification methodology across all of our product groups allows for the re-use of building-block cores for key customers in target markets, and reduces product delivery time. Verisity's unique approach and proven product, Specman Elite, is consistent with LSI Logic's product methodology direction.'' ''LSI Logic is the leading methodology company in system-on-a-chip solutions. Its broad portfolio of processor, peripheral and protocol cores that target networking, telecommunications and wireless, data storage, consumer and computer products markets, underscores the importance of a common verification methodology,'' said Moshe Gavrielov, CEO of Verisity. ''The proliferation of Specman Elite and the financial investment by LSI Logic represents a significant endorsement of Verisity's products.''

To: GST who wrote (17122)	2/22/1999 8:56:00 AM
From: Paul Lee	Respond to of 25814

Gee, wish somebody would buy us at 5 x's revenues LSI Logic to Acquire SEEQ Technology in $100 Million Stock Transaction MILPITAS, Calif., Feb. 22 /PRNewswire/ -- LSI Logic Corporation (NYSE: LSI) and SEEQ Technology, Inc. (Nasdaq: SEEQ) today announced an agreement for LSI Logic to acquire SEEQ Technology in a transaction where SEEQ shareholders will receive LSI Logic Common Stock based on an exchange ratio of .1095 (subject to adjustment). The transaction will be valued at approximately $100 million at the present LSI Logic stock price and is expected to be accounted for as a pooling of interests. LSI Logic anticipates completing the acquisition in its second quarter ending June 30, and expects the transaction to be accretive to the company's earnings per share during the course of the next 12 months. The acquisition is subject to the customary closing conditions, including approval by SEEQ Technology shareholders and is subject to regulatory review. SEEQ Technology, which reported 1998 revenues of $28.1 million, is a leading semiconductor designer of data communications products for the Internet-driven networking market. SEEQ's solutions for its worldwide customers include Ethernet MAC (media access controllers) and PHY (physical layer) transceivers. "Through the acquisition of SEEQ Technology, LSI Logic will offer a broader set of networking solutions to our customers, enhance our growth opportunities, and increase value for our shareholders," said Wilfred J. Corrigan, LSI Logic chairman and chief executive officer. "We are gratified to have the opportunity to add our industry leading Fast Ethernet and Gigabit Ethernet solutions to the already impressive intellectual property offerings that LSI Logic provides to its networking customer base," said Phil Salsbury, SEEQ president and chief executive officer. "Networking is a rapidly accelerating market and we are ready to contribute to the LSI Logic success story in this fast-moving arena." John P. Daane, LSI Logic executive vice president for Communications, Computer and ASIC Products, said that SEEQ's Ethernet solutions are used in a wide variety of industry-leading applications, including network interface cards, hubs, routers, and switches. "This focused acquisition is another tangible sign that LSI Logic intends to build upon its Internet-based business strategy," said Daane. "SEEQ will provide LSI Logic with additional mixed-signal design expertise, a talented corps of engineers, and immediate access to its PHY transceiver IC technology. SEEQ will also bring to LSI Logic networking standard products, and intellectual property that can be incorporated into our CoreWare(R) library." Upon completion, the SEEQ purchase will mark LSI Logic's third acquisition in the last two years. LSI Logic acquired Mint Technology Inc. in 1997, expanding its engineering design services capability. Last year, LSI Logic completed the $760 million strategic acquisition of Symbios, Inc., vaulting the company into a leadership position in the storage components and storage systems markets. This year, LSI Logic took the next step by agreeing to acquire SEEQ to bolster its offerings to the high-growth networking market.