Monday, January 3, 2005

LSI Logic Raises Q4 Revenue Range

Citing growth in its Storage Systems, Storage Components and Consumer businesses, LSI Logic its 2004 fourth quarter revenue and earnings per share guidance. The company now expects to report 2004 fourth quarter revenues in the range of $415 million to $420 million, compared to the previously forecasted fourth quarter revenue range of $360 million to $390 million. The updated 2004 fourth quarter revenue range represents approximately 10 percent sequential revenue growth over the company's 2004 third quarter revenues of $380 million.

LSI Logic anticipates reporting a 2004 fourth quarter GAAP net loss in the range of 53-55 cents per diluted share. The company earlier projected a GAAP net loss of 54-57 cents per diluted share.


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