LSI Logic (LSI) 5.65 +0.63 (+12.6%)
After issuing weaker than expected Q4 (Dec) guidance Oct 27, maker of chips used in data storage and communications products raises its outlook to be above analysts' original estimates; Now sees sales of $415-420 mln and EPS of $0.01-0.03; The company cited growth in its storage and consumer businesses (among other things); This served as a positive indicator that the inventory correction in the supply chain is substantially over in those markets
Micrel (MCRL) 9.34 -0.53 (-5.4%)
Maker of analog power circuits warns for Q4 (Dec), puts EPS and revenues below consensus estimates; Blames the revenues shortfall on soft customer demand that it cautioned could carryover into next year; The company said that its book-to-bill ratio was less than 1.0; Management gave a pretty bearish picture of the environment - said that customers are willing to operate with extremely lean levels of inventory and are even willing to risk line shutdowns to keep inventories low
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