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Technology Stocks : LSI Corporation
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To: getgo234 who wrote (10929)3/16/1998 6:11:00 PM
From: shane forbes  Read Replies (1) of 25814
 
getgo:

(corrected numbers later)

Tomorrow will be telling. I have not looked at the press release but considering that the estimates were for a loss of around 0.18, let's see if the market is in a forgiving mood tomorrow. Actually (0.24) or whatever is not that bad in my very limited understanding of DRAM prices.

Commodity chips were going to be affected by ASIA and DRAM in particular because of Korea and the devaluation of the won. So I'm not sure why everyone should get too excited about the MU loss. Surely they must have been expecting a big loss and knowing MU only partially as I do, I hope no one goes silly tomorrow with MU and pushes it in one quick fell swoop to the $25 level of the last earnings release. If they do we are dead.

Still LSI is a non-commodity chip maker and they should not see the price erosion that a MU does.

We will find out tomorrow just how far the semis have yet to go down near term.

I'm guessing MU will hold well above 25 initially and then drift down for awhile. That "makes sense" to me. (Maybe the other alternative is like AMAT's up a bit the day of earnings then drifting down to well above support levels. This would also be "rational" to me.) The thing I don't expect and hope not to see is a total sector collapse - I've had just about enough of those kinds of days!

Shane.
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