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BUSINESS
April 6, 1992 | From Times Staff and Wire Reports
LSI Logic to Unveil New Technology: LSI Logic Corp. will unveil a new technology today for building ultra-powerful computer chips that the company says will be strong enough to put it ahead of Japanese competition. Officials at the Milpitas, Calif., semiconductor concern say they will now be able to design a "computer on a chip"--where millions of transistors can be packed onto a single unit.
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BUSINESS
September 20, 2001 | Bloomberg News
LSI Logic Corp., the largest maker of custom semiconductors, said it will fire 600 workers, or about 8% of its worldwide work force, as it consolidates plants to cope with declining sales. The job reductions will be made mainly in Colorado Springs, Colo., where an aging plant will be closed by the end of October. A smaller facility in Santa Clara, Calif., also will be closed.
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BUSINESS
November 4, 1991 | From Times Staff and Wire Reports
4 Silicon Valley Companies Announce Layoffs: Four Silicon Valley companies announced more than 400 domestic layoffs, the latest in a series of reductions in the computer and electronics industries. LSI Logic Corp., Santa Cruz Operation Inc., Next Computer Inc. and Grid Systems Corp. announced the layoffs Friday. Santa Cruz will lay off 156 people, about 12% of the work force. LSI Logic of Milpitas said it will cut 130 jobs, or 5%, of its domestic work force.
BUSINESS
June 21, 2001 | Bloomberg News
LSI Logic Corp., the biggest maker of custom semiconductors, said it will fire 225 employees, or 3% of its work force, and take a second-quarter charge as customers cut orders amid a slowing economy. About 50 to 60 of the employees are in the Milpitas, Calif., area, where LSI is based, said spokesman Kevin Brett. Other facilities that will lose jobs are in Santa Clara and Fremont, Calif.; Fort Collins, Colo., and Gresham, Ore., he said.
BUSINESS
March 27, 2001 | Reuters
Chip maker LSI Logic Corp. said it agreed to buy digital video and audio chip maker C-Cube Microsystems Inc. for $878 million in stock, aiming to strengthen its multimedia entertainment business. Under the deal, C-Cube stockholders will exchange each of their shares for 0.79 LSI share, valuing C-Cube shares at about $16.35, an 86% premium to their closing price Friday. C-Cube surged $4.94, or 56%, to close at $13.75 on Nasdaq, while LSI fell $2.65, or 13%, to close at $18.
BUSINESS
June 11, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
Today's "smart" weapons of war are packed with bulky electronic circuit boards. So imagine the possibilities if someone could figure out a way to shrink an entire circuit board onto a thumbnail-sized microchip. Figure that out, and you might even be able to turn a profit at a time of shrinking Pentagon budgets. And that's just the strategy that one chip maker, LSI Logic Corp., is counting on to survive in the troubled defense industry.
BUSINESS
May 15, 1987
LSI Logic Corp., Milpitas, has named Robert M. Skinner vice president-U.S. sales. Skinner, who will report to President and CEO George Wells, had been director of distribution sales.
BUSINESS
April 25, 2001 | From Reuters and Bloomberg News
Amazon.com Inc. on Tuesday posted a sharply lower first-quarter loss--in line with a recent announcement--and affirmed that it was on-track for its first quarterly operating profit by the end of the year. Amazon, which sells everything from books to electronics to hardware, reported a loss of $49 million, or 21 cents a share, excluding a broad range of costs, compared with a loss of $99 million, or 35 cents a share, a year earlier.
BUSINESS
March 27, 2001 | Reuters
Chip maker LSI Logic Corp. said it agreed to buy digital video and audio chip maker C-Cube Microsystems Inc. for $878 million in stock, aiming to strengthen its multimedia entertainment business. Under the deal, C-Cube stockholders will exchange each of their shares for 0.79 LSI share, valuing C-Cube shares at about $16.35, an 86% premium to their closing price Friday. C-Cube surged $4.94, or 56%, to close at $13.75 on Nasdaq, while LSI fell $2.65, or 13%, to close at $18.
BUSINESS
January 24, 2001 | From Bloomberg News and Reuters
Compaq Computer Corp., the leading personal computer maker, said profit jumped 83% in the fourth-quarter as sales of powerful servers helped make up for slower PC purchases by consumers and small businesses. Chief Executive Michael Capellas also said the company is comfortable with analyst estimates of earnings growth in the 20% to 25% range for 2001. Compaq's shares jumped as high as $24 on the report in after-hours trading, after closing at $20.05, up 23 cents, on the New York Stock Exchange.
BUSINESS
October 15, 1998 | From Times Wire Services
LSI Logic Corp. said Wednesday that it will cut 1,200 jobs and close plants to combat the effects of a worldwide economic slowdown, as the chip maker's third-quarter profit fell 60%. The company earned $19 million, or 14 cents a share, before charges in the quarter resulted in a loss, down from $47 million, or 33 cents, a year earlier. The No. 1 maker of chips used in networking equipment had been expected to earn 13 cents a share, the average estimate of analysts polled by First Call Corp.
BUSINESS
June 11, 1997 | From Reuters
LSI Logic Corp. shares plunged 13% Tuesday amid concerns that the computer chip maker's revenue growth could be less than expected in the September quarter. Stock in LSI, based in Milpitas, Calif., fell $5.125 to $34 on New York Stock Exchange trading of 8.72 million shares, making it the second-most active issue on the Big Board.
BUSINESS
July 19, 1995 | Times Staff and Wire Reports
LSI Logic to Build Plant in Oregon: The development in Gresham planned by Milpitas, Calif.-based LSI Logic Corp. would cost $4 billion, making it the most expensive manufacturing complex in the computer chip industry, the Oregonian newspaper reported. The factories would be built over 15 years and would eventually employ 2,000 people, the paper said, quoting from the company's request for a tax break.
BUSINESS
May 13, 1995 | Times Staff and Wire Reports
Fremont General Corp. of Santa Monica declared a 10% stock dividend, payable June 15, to shareholders of record May 30. . . . National Semiconductor Corp. of Santa Clara, Calif., said it will spend $35 million expanding its Cebu semiconductor plant in the Philippines. . . . Milpitas, Calif.-based semiconductor maker LSI Logic Corp. approved a 2-for-1 stock split payable June 21 to holders of record May 23.
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