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Technology Stocks : LSI Corporation
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To: Ram Seetharaman who wrote (20074)10/2/1999 8:51:00 AM
From: Jock Hutchinson  Read Replies (1) of 25814
 
If LSI hits the "whisper number" of 35 cents, that is a "de facto" number of 52 to 53 cents, since Gresham is costing LSI about 17 to 18 cents a quarter. (This figure was derived from calculations that indicated that LSI would have had this additional profit if they had merely bought their chips). Thus, LSI, (if it continues to grow by 7 percent a quarter in revenues) will easily surpass $2.07 a share next year. The more likely figure is $2.50, which bodes extremely well for '01.

By the way, when are we going to stop calling the year 2000, the year 2000. I mean we don't refer to the year 1999 as the year 1999. Indeed, we don't even refer to it as 1999, but rather '99. So, we should be referring to 2000 as O or zero.

So---my feeling is that LSI will hit $2.50 in O.
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