Storage Components Lead Sales GrowthMILPITAS, Calif., June 10 /PRNewswire-FirstCall/
-- LSI Logic Corporation (NYSE: LSI) today increased its second quarter 2005 revenue guidance to a range of $465 million to $475 million. LSI Logic previously forecasted second quarter revenue in the range of $450 million to $465 million.
"Strength in Storage Components is the primary driver for the greater-than-anticipated growth of our second quarter revenues," said Abhi Talwalkar, LSI Logic president and chief executive officer. "We are also seeing better-than-expected growth in our DVD recorder and overall ASIC products."
LSI Logic will not hold a conference call today about this news release. The company will report its second quarter financial results, provide its third quarter 2005 business outlook and hold its quarterly conference call on Wednesday, July 27, 2005.About LSI Logic
LSI Logic Corporation focuses on the design and production of high-performance semiconductors for Consumer, Communications and Storage applications that access, interconnect and store data, voice and video. LSI Logic engineers incorporate reusable, industry-standard intellectual property building blocks that serve as the heart of leading-edge systems. LSI Logic serves its global OEM, channel and distribution customers with standard-cell ASICs, Platform ASICs, standard products, host bus adapters, RAID controllers and software. In addition, the company supplies storage network solutions for the enterprise. LSI Logic is headquartered at 1621 Barber Lane, Milpitas, CA 95035. http://www.lsilogic.comNotwithstanding this news release, it continues to be the company's policy to not comment on financial analyst estimates or to provide periodic financial guidance updates.
Safe Harbor for Forward Looking Statements: This news release includes preliminary financial estimates and forward-looking statements, which include the following: the company's updated estimates of revenues for the second quarter of 2005. These forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could cause LSI Logic's actual results to differ materially from those set forth in the forward-looking statements include, but are not limited to: receipt of additional information impacting the company's second quarter results, further analysis of revenues for the second quarter, the strength of the global semiconductor industry, and the customer timing and volume demand for LSI Logic's storage component products, DVD recorder products and ASIC products. For additional information, readers are referred to the risk factors contained in the documents filed by LSI Logic with the SEC, and specifically the most recent reports on Form 10-K, 10-Q and 8-K.