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Business Briefs

Reported by Star-Bulletin staff & wire

Monday, May 22, 2000

Yahoo investors get direct online access

SANTA CLARA, Calif. -- Yahoo! Inc., the No. 1 Internet directory, said today it has started a stock purchase plan that lets individual investors buy shares directly in the company. Investors can register for the program, called Yahoo! StockDirect, by submitting an enrollment form at http:// yahoo.com/info/investor. New investors must buy at least $250 worth of Yahoo shares. After that, investors can buy additional stock in increments of $50 or more.

LSI Logic to buy chip maker DataPath

MILPITAS, Calif. -- Semiconductor maker LSI Logic Corp. said today it agreed to acquire privately held chip maker DataPath Systems Inc. for about $420 million in stock. Equipment made by DataPath, San Jose, Calif., is used in cable modems. The company has about 115 employees.

LSI, Milpitas, Calif., makes chips used for high-speed Internet access, networking and data storage. The company, which had $2.1 billion in revenue last year, said it expects the DataPath deal to close later this year.

U.S. gas prices near year-to-date high

CAMARILLO, Calif. -- Gasoline prices jumped 5 cents per gallon in the past two weeks as federal antismog regulations bit deep on the East Coast and in the Midwest. The higher cost of refining gasoline to meet stricter regulations, coupled with higher crude oil prices, pushed the average nationwide cost to $1.5841 per gallon Friday, analyst Trilby Lundberg said yesterday. After falling nearly 7 cents per gallon, the price is now within about a penny of the year-to-date high of $1.5958 recorded March 24.