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Technology Stocks : LSI Corporation

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To: Moonray who wrote (12598)	5/26/1998 4:44:00 AM
From: shane forbes	Read Replies (1) of 25814

FWIW (Briefing has now (in the last few weeks) (finally) become bearish on semi-equips - I think since early this year they had been saying that the semis were going down but the semi-equips were poised to recover blah blah blah...) ---- The best thing to be said about the chip sector's performance Friday was that the declines were mostly fractional... Whereas the group had been leading tech retreat in past several weeks, Friday's limited damage in an otherwise bleak session suggests that industry is nearing a trading bottom... Rebound candidates include LSI, Texas Instruments, Motorola and Atmel. Semiconductor Equipment Brief: No good news here... Industry remains on the tech sector's worst performers as earnings picture still clouded by the ongoing Asian crisis... Fears of a PC slowdown also weighing on group... CFM wasn't able to rally in response to its earnings (results in line with warning but well below year ago period)... Only good news ahead for this group is valuations, and given the poor earnings outlook for at least the next few months we don't think the component issues have touched bottom quite yet. ---- shane.

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