Q1 revenues up 41 percent compared to Q1 1998. Fourth consecutive quarter of sequential revenue growth.
Operating expenses decline in dollars and as percent of revenues.
Special items were restructuring reserve reversals, and the change in accounting principle. LSI Logic had record bookings in the first quarter,'' said Wilfred J. Corrigan, LSI Logic chairman and chief executive officer. We achieved sequential revenue growth, lowered operating costs and our backlog continued to build. LSI Logic market overview The rapid worldwide acceptance of the Internet was a major driver for LSI Logic in all six of the company's targeted vertical markets. LSI Logic is participating in the growth of the Internet infrastructure on an across the board basis,'' said John Daane, LSI Logic executive vice president for Communications, Computer and ASIC Products.