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

To: patrick tang who wrote (17293)	3/4/1999 3:26:00 PM
From: Bob Howarth	Respond to of 25814

I am sure going to hold. Too bad 95% of money invested in 'techs' is by people who think that if INTC and AMD either get into price war or have a decline in PC growth the whole sector will have problems. LSI will hopefully consolidate here and later this year hit the high 30's. PS: TI could raise 10 billion easily. What a company it would be to leverage their respective technologies. Whew!!!!

To: patrick tang who wrote (17293)	3/4/1999 3:40:00 PM
From: Moonray	Respond to of 25814

Colorado Springs, Colo., Site Will Direct LSI's Global Network 03/04/99 Mar. 3 (The Gazette/KRTBN)--When an LSI Logic Corp. employee in Tsukuba, Japan, logs on to his or her computer, the keystrokes will be recorded in LSI's new data center in Colorado Springs. When an employee in LSI's operation in Wichita, Kan., slows down the corporate network by downloading a big file, someone in the data center here will figure out how to reroute the traffic. When LSI's data center goes online in early April, it will serve as the brains of a far-flung "digital nerve center" that encompasses the company's global computer and telecommunications network. "We want to identify and solve the problem before it affects someone's job," said Roland Smithboth cq, director of global operations and information technology. "The network is the enterprise," continued Lamcq Truongcq, an LSI vice president. "That's why this (data center) is so key." The corporate headquarters of LSI, a $1.5 billion computer-chip company, remain in Milpitas, Calif., but the data center here is a very important part of LSI, company officials say. They will inaugurate the data center today wedduring a receptionfor local dignitaries. The data center is housed in about 7,000 square feet at 4420 ArrowsWest Drive, which already is home to engineering, marketing and administrative offices that formerly were part of Symbios Inc. After LSI bought Symbios last year, LSI officials began looking at the Symbios sites they'd acquired -- the ArrowsWest offices, a 500-employee computer chip plant at 1635 Aeroplaza Drive, a 500-employee operation in Fort Collins and another operation in Wichita, Kan. Officials decided it made sense to consolidate the company's five data centers, including one in England, in Colorado Springs. Why here? There's little danger of earthquakes or other natural disasters and less competition for good information-technology employees, Truong said. Also, Colorado has a strong telecommunications infrastructure, thanks to the Front Range headquarters of such telecommunications companies as Qwest and others. "What we've pleasantly found out (since the Symbios acquisition) is we've gotten ourselves into a place that's a good place to do business," said John cq D'Errico cq, executive vice president of storage components and Colorado operations. The data center here will monitor the company's computer network, which spans 10 time zones, and also handle such corporate financial tasks as tracking accounts payable, purchasing and fixed corporate assets. The center will house about $12 million worth of computer equipment. The data center employs about 30. Another 40 information technology employees work at a new corporate help desk here and in other jobs. LSI employs about 900 in Colorado Springs and 5,500 worldwide. The company's stock is traded on the New York Stock Exchange under the symbol LSI. -0- Visit GT Online, the World Wide Web site of The Gazette, at gazette.com (c) 1999, The Gazette, Colorado Springs, Colo. Distributed by Knight Ridder/Tribune Business News. LSI, END!A$3?GT-DATA-CTR o~~~ O