The Black Box

[mjk]

LSI Logic raises Q4 forecasts

SAN FRANCISCO (CBS.MW) - LSI Logic on Tuesday raised its fourth-quarter earnings and revenue outlook, pointing to growth across several of its semiconductor business lines.

LSI (LSI: news, chart, profile) said it expects to a fourth-quarter net loss of 53 to 55 cents a share, on revenue in a range of $415 million to $420 million. The company had earlier estimated it would lose 54 to 57 cents a share on $360 million to $390 million in revenue.

Excluding charges, LSI expect to earn a profit between 1 and 3 cents a share, up from a prior forecast of a loss of 2 to 5 cents a share.

Analysts surveyed by Thomson First Call had estimated LSI would lose 4 cents a share on $375 million in revenue.

LSI Chief Executive Officer Wilfred Corrigan said the company's storage systems, storage components and consumer business product lines all grew at better-than-expected rates in its recently completed fourth quarter.

The company will deliver full quarter results on Jan. 26.

LSI shares fell 26 cents, or almost 5 percent, to close at $5.02 amid a broad tech-sector retreat.

http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&gui....



edit: raised the low end by 15%, that's pretty substantial...wonder if that's priced in.