WRAPUP 2-LSI, Amkor Q2 profit beats estimates, see strong Q3

jueves 30 de julio de 2009 00:38 CEST

* Q2 results beat estimates

* LSI rev falls 25 pct, Amkor rev falls 27 pct

* Companies forecast strong Q3

* Amkor shares up 9 pct; LSI shares down 4 pct (Adds analyst comments, updates share movement)

By Manasi Phadke

BANGALORE, July 29 (Reuters) - Chipmaker LSI Corp (LSI.N: Cotización) and chip packager Amkor Technology Inc (AMKR.O: Cotización) posted second-quarter results that beat market estimates as they benefited from higher demand for their products and tighter cost controls.

The companies also issued strong forecasts for the third quarter.

LSI's second quarter was helped by a growth in its storage and networking businesses.

Looking ahead, LSI, which makes microchips and software, sees third-quarter adjusted earnings of breakeven to 6 cents a share on sales of $520 million to $570 million.   Continuación...