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

To: Robert Scott who wrote (18340)	5/3/1999 8:21:00 AM
From: Paul Lee	Respond to of 25814

MetaStor Scalable Storage Systems First to Ship 50 GB Drives; New Disk Drives Provide Room to Grow to 5.0 TB in a Single 72-Inch Cabinet WICHITA, Kan., May 3 /PRNewswire/ -- The MetaStor(R) Storage Solutions Division of LSI Logic Storage Systems, Inc. today announced the availability of 50 GB, 7200 RPM disk drives for its MetaStor line of scalable storage systems. The MetaStor product family is first in the market to offer the new 50 GB disk drives. The drives extend system flexibility by providing greater capacity in a smaller space -- up to 5.0 TB in a single 72-inch cabinet. The higher capacity drives reduce the cost per megabyte, thereby translating to a 30% to 40% total system cost reduction making MetaStor products the leader in price performance over its nearest competitor. With the ever-increasing need for higher capacity storage, companies are looking for ways to reduce their total cost of ownership. In addition to savings in cost per megabyte, the new 50 GB drives improve users' applications by providing higher performance in data mining and data warehousing, faster access to large files, and faster performance in electronic commerce applications. The MetaStor family of scalable storage systems allows network administrators the flexibility to grow capacity, add high availability features and choose between SCSI or Fibre Channel performance. As users' network requirements change, they can add, alter or redeploy their system and its components, thereby protecting initial investment and taking advantage of technological advances and emerging opportunities. "Once again, MetaStor products are leading the industry in storage solutions," said Bill Reed, managing director, MetaStor Storage Solutions Division. "Our industry experience continues to drive our commitment to provide best-in-class products while keeping the cost factor in mind. The new 50 GB drive is a testament to that commitment." LSI Logic Storage Systems markets its MetaStor line of scalable storage products exclusively through a worldwide network of value-added resellers, system integrators and distributors. The 50 GB drive is available immediately in both the MetaStor scalable server-and network-attached product families. Maintaining its price/performance value, the 50 GB drive is available for $3,995 (U.S. list). The 9 GB -- 10,000 RPM and 18 GB -- 10,000 RPM drives list for $1,395 and $2,750, respectively.

To: Robert Scott who wrote (18340)	5/3/1999 1:16:00 PM
From: patrick tang	Read Replies (1) \| Respond to of 25814

I just don't see that much 'value' plays out there for hi-tech, especially for chips which I am familiar with. LSI last fall was a no-brainer steal - underlying business fundamentally sound, building/has money to build next generation fab, seems to have made a nice acquisition, taking steps to slim-down for the next fight, all the right moves and yet the market took it brutally down. I look at: NSM - is their SOC going to succeed? Are they going to bring out the chips? How can one bet one way or the other. RDRT - (did buy some myself), totally dependent on whether they can bring out GMR in time. How can one bet? SGI - to me looks a little bit better, tons of cash, good technology, question is can they establish themselves in the NT workstation market. Smaller equipment guys, to me upside limited. CY, IDTI - no IP, no story line, they are just along for the general ride. IDTI need to get rid of Winchip and have ClearLogic start making some money. To people like Dipy that thinks analysts are just pumping stocks before they get out, take another good look, the 'recommended' companies usually have a 'story' behind it, like INTC, ORCL, MSFT, TI, ADI, XLNX, ALTR STM etc. etc. And in general they do deliver. And I think the semis should deliver this round too in another 6 months of so when they 'start minting money', like TJ puts it. Thus I look for the big stocks once again to lead in the next round. And the next round should start once the earnings pick-up are in evidence. Sales have already started to go up, earnings pick-up should follow by Q4 if not Q3. Baring good size summer slow-down, Q2 earnings and forward looking should show that. And the rise should take place starting July. If there is a good size summer slow down (with Asia powering back up e.g. China is second largest PC market now, having overtaken Japan, and Chinese don't take 4 weeks off for summer, that slow-down may not be that drastic), then we should see that on Q3 earnings in Oct. Bet on summer slow down, get out of techs now and get back in in late summer. Bet on minimum slow down, just sit tight. Me, I'm opting for the latter - not to mention I don't see too many good places to put money in the next 3 months. If LSI strikes out from here, they should do no worse than the non-IP guys over the next 2-3 years of upturn. That may mean a double when the euphorism takes hold and even CY and IDTI goes up too. If they strike a home run, I agree that it does have a chance of a triple or even more e.g. if G12 0.18um turns out to be a barn-burner of s success, together with CDMA (assuming networking, storage & consumers continuing to do their usual good). Now that will make me a very happy man! patrick