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Technology Stocks : LSI Corporation
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To: Michael Grosz who wrote (10681)3/7/1998 1:49:00 AM
From: shane forbes   of 25814
 
continuation of previous post:

However techs and semis perform very well in a booming economy. We have a boomer as today's data supported. Also a strong US market will offset SEA.

The problem is will the market kill off just the PC related companies or take all the semis with it? The market reacted well today considering MOT's announcement.

Last month when I got into LSI I knew we had a small window and I felt LSI would come back. Well LSI did not go up as fast as I had hoped and the window proved to be smaller than I had hoped. What the heck are these guys reporting warnings so early. We still have a month in the quarter to go. I would have expected warnings to begin around mid - next week.

Any way I'm not certain about the impact on LSI near term. The biggest thing is the lack of volume in the stock. My guess is that the day we have a large volume day LSI will go up 2+ points at least on that one day alone. The problem with the low volume however is that LSI may go down quite a bit in a total market meltdown, which I don't see in the near term inspite of all the economic problems around.

The other thing to really keep in mind is that LSI is very definitely a 2nd tier semistock in the eyes of the market. The days when LSI was a leader are gone. No thanks in small part to the poor revenue showing. However I'm using this to my advantage to buy when I can get the chance or have the money and hold when "all around are losing their heads". Keeping that longer term perspective and waiting for earnings.

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contd...
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