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LSI Meets Estimates, but Lowers Guidance
Computer chipmaker LSI Logic(LSI Quote) met analysts' consensus earnings forecast for the latest first quarter, but the top line dropped sharply, both sequentially and compared with the year-ago period.
The Milpitas, Calif., company said first-quarter revenue totaled $517 million, a 31% decline from $751 million in the fourth quarter and 16% below the same quarter a year ago. ...
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