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Technology Stocks : LSI Corporation

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To: Tony Viola who wrote (14706)	9/2/1998 3:42:00 PM
From: shane forbes	of 25814

Hi Tony! The stock crashed anyway. Makes one appreciate the boringness yet profitability of a 401K program (slight glitch the last month or so). Here's my very perverse way of looking at Mr. LSI's stock action. More they sell the happier I get (even though I am down around 50% on a holding period of around 5 months or so I guess by now and I have more shares than I've ever had in the stock - but definitely not more assets <g>) because I really do believe that everyone who is not interested has to scoot before we have any hope of sustaining any hope of a longer term recovery. The problem is that everyone has no faith in the stock and perhaps the company and so it will be difficult (as usual) to go up on sustained recoveries (as usual). I do think that the longer a stock does nothing, as long as the technology is valid and the business model reasonable, the more likely that it will one day over a very short span of time do a lot. At least that's my theory... So waiting for that day ... but the wait will be awhile unless we get some good news (which we always expect and never get - as usual) Deja vu deja vu all over again all over again... Still keeping the faith though (for proof - look at the Dataquest flier for the San Diego Shindig - the "smart companies" they refer to that are doing the things for the next generation of ICs could be seen as a blueprint for LSI's business. So that's good. What is bad is that sometimes 'if you pick the object wave too soon it may shipwreck your business' in reference to Client/Server technologies but somewhat relevant here since if you 'pick the SOC thing too early you may shipwreck your business' - LSI is no shipwreck as far as the business is concerned but the expectations built in were too high and the hope (my hope) is that we have been too early and that over the next few years our <PATIENCE> will be rewarded over a very short span of time or so I hope... Besides there is one benefit to being too early - getting a solid toe-hold or should I say leg-hold in the next wave of ICs. As Kuhn said "scientific revolutions come about when the old order is reexamined, rejected and <something I forget - likely thrashed!>". Right now people are reexamining the whole shindig.)

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