Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Bear Stearns Upgrades LSI Logic to 'Buy'

Bear Stearns upgraded LSI Logic (LSI) to buy from attractive.

Analyst Charles Boucher says LSI thinks Q3 will be the bottom, as order cancellations subside and bookings increase. He thinks the company's end markets are near a fundamental bottom as

inventories are being depleted, and customer consumption rates run much higher than order rates. He believes LSI is well positioned to benefit from an upcoming cyclical industry upturn. Boucher widened his $0.14 2001 loss estimate to a $0.53 loss, and lowered the $0.28 2002 EPS estimate to $0.04 EPS to reflect a deeper-than-expected Q3 bottom. Boucher has a $35 target.

blog comments powered by Disqus