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Technology Stocks : LSI Corporation

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To: Jock Hutchinson who wrote (13648)	7/17/1998 7:35:00 PM
From: Jock Hutchinson	Read Replies (1) of 25814

By the way FUZFO, Adaptec is currently selling at 1.9 time sales. Of course ADPT has a large percentage of SCSI business. Thus, the price LSI paid for Symbios at 1.2 times sales was an outright steal. And the majority of the premier analysts such as Tom Kurlak and Mark Edelstone applauded the purchase. The few analysts who derided the purchase were not affiliated with any major brokerage. Q Logic is selling at 5.1 times sales, which is impressive given that such a small percentage of their business is still in Fibre Channel. What is your risk reward ratio over the next year? My honest best guess is that LSI has a downside of 19 and an upside of 50. We shall see.

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