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

To: patrick tang who wrote (17127)	2/22/1999 3:13:00 PM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 25814

LSI has a lot of outstanding shares. They are paying by stock. So it is hard to say if it is a bad deal. IF LSI hits $ 35 by summer or before, then it wouldn't be all that bad with a 25 % increase. But if SEEQ has some products that will strategically increase the long term growth of LSI (at least for the next three good semiconductor up years!) then this deal wouldn't negatively impact LSI at all. The market today is happy - LSI crossed $ 28 and is not far from $ 30. I am long on LSI.

To: patrick tang who wrote (17127)	2/22/1999 3:15:00 PM
From: Daniel My Brother	Read Replies (1) \| Respond to of 25814

I like the LSI aggressiveness here...it's obvious they have a strategy to become more internet involved with this purchase. They're not "sitting on their hands". But let's stay calm here about the stock price. LSI still has a long way to go......We're you happy last year when LSI share hit 28? Not me! Get us into the forty's again....then I'll be happy. Daniel My Brother

To: patrick tang who wrote (17127)	2/22/1999 3:38:00 PM
From: Moonray	Respond to of 25814

More Reasons: LSI To Buy SEEQ Technology For $100 Million In Stock Reuters - 03:20 p.m Feb 22, 1999 Eastern SAN FRANCISCO (Reuters) - Specialty semiconductor maker LSI Logic Corp. said Monday that it agreed to acquire SEEQ Technology Inc., a developer of data communications chips, in a stock deal valued at $100 million. The deal will boost LSI's products with a layer of fast networking technology for its customers in the networking sector which include Cisco Systems Inc., Northern Telecom, Lucent Technologies Inc., 3Com Corp. and Intel Corp. Networking is one of LSI's fastest growing businesses within LSI's six core business focuses, due largely to the expansion of the Internet. ''For LSI, SEEQ is a perfect fit in the networking space, just as Symbios was an actual fit to LSI in the storage space,'' said John Daane, an executive vice president at LSI Logic, in a conference call with analysts to discuss the deal. Last year, LSI acquired Symbios Inc., a developer of input/output technology for data communications, for $760 million from Hyundai Electronics America. SEEQ's products are used in a wide range of networking equipment, such as in network interface cards, network hubs, routers, and switches. LSI said that SEEQ shareholders will receive 0.1095 share of LSI common stock for each share of SEEQ. LSI said it will continue to sell SEEQ products as stand-alone products, plus it will incorporate their core technologies into their system-on-a-chip products. The company anticipates completing the acquisition in its second quarter ending June 30 and expects the transaction to be accretive to earnings over the next 12 months. The acquisition is subject to the standard closing conditions, including approval by SEEQ Technology shareholders and is subject to regulatory review. Based in Fremont, Calif., SEEQ is located close to LSI's headquarters in nearby Milpitas. Executives in a conference call said that the two companies share a ''Silicon Valley sense of urgency.'' SEEQ had 1998 revenues of $28.1 million. Copyright 1999 Reuters Limited. All rights reserved. Republication and redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. o~~~ O