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Technology Stocks : LSI Corporation

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To: Bob Kim who wrote (20618)	11/11/1999 4:51:00 PM
From: Howard Bennett	Read Replies (2) of 25814

Just Wondering... Regarding the comment below (3 to 5 year upturn). I've heard this comment so many times on CNBC -- and they never ask the obvious question. What do you base that on? Of all the semiconductor companies upgraded today, at least LSI has had a recent earnings revision (upward). My experience has been that when they upgrade without an earnings revision after such a stellar runup...they (Merrill and others) are getting ready to rotate some of their money out of the group into a beaten down sector (say the financials). Comments (and try to be kind). ---------------------------------------------------------- LSI Logic (LSI: news, msgs) shares jumped 3 3/8 to 64 1/8 on news of its new price objective of $73 from $62 a share. "We continue to believe that we are at the beginning of a three to five year upturn in the semiconductor market," Osha wrote in a research note. "In this environment, semiconductor prices have much further to go." cbs.marketwatch.com

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