Milpitas-based LSI Logic Corp claims to have the first image and video compression chips to provide complete full-motion video compression for both still-image and full-motion in electronic cameras, digital copiers, multimedia and digital cable television cable systems, replacing the guts of $50,000 video conferencing systems. The seven-chip L64700 set adheres to the Px64 – CCITT H.261 – standard for video-teleconferencing and telephone requirements and tracks the emerging standard for full-motion video with a compression bit-stream of some 1M-bit per second. The seven are the L64715 Error Correcting Codec; L64720 Motion Estimation Processor; L64730 Discrete Cosine Transform Process or; L64740 Quantisation Processor; L64750 CCITT Va riable Length Encoder; L64751 Variable Length De coder; and L64760 Intra/In ter-Frame Decision Process or. The first four are out now, rest November; the 11 chips to do H.261 video co decs are $700 for 1,000-up.