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Technology Stocks : LSI Corporation

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To: dr_elis who wrote (21129)	1/19/2000 10:33:00 AM
From: uu	Read Replies (1) of 25814

Michael: <OT> > Does anyone consider LU as a buying opportunity at the current level? Despite having a strong feeling the stock might come down to as low as high $30's, I bought a bunch last week at aroudn $54/shr. From what I hear the internal employee moral is terrible. Head hunters have targeted the Company and are taking away engineers to either 3COM or Cisco. This is a classic case of voltures targeting a typical premium high tech Silicon Valley Company after a somwhat major blip (such as LU is going to have with its earnigns fo rthis quarter). We have seen the same thing happening with LSI, IBM, Informix, Sun,.. just to name a few. But this will pass. The Company is as solid as a rock. The stock may come down to the high $30's-low $40's but it does not matter if you have 8-12 months target because at the end it would be in the $80-$100/shr having a market cap of very close to that of Cisco at this time. Regards,

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