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Technology Stocks : LSI Corporation
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To: Tony Viola who wrote (21160)1/23/2000 7:24:00 PM
From: E_K_S  Read Replies (1) of 25814
 
Hi Tony - Back in June'99 we talked about LSI cranking up their earnings growth and that we may see LSI hit a price target of $80 - $100. The discussion concluded that it was not so much the price of LSI (how it increased on expected earnings growth) but rather how far "in" the cycle we were at and how long the cycle would run.

Six months latter LSI is now at new highs, but several of the company specific fundamentals have changed for the positive and the industry still is booming and we have more than 36-48 months left in the "industry cycle" run.

It would be interesting to hear both yours and Jock Hutchinson comments for LSI and the industry outlook looking forward 36-48 months. I am sure Jock will provide the thread an overview of the LSI conference call. I always look forward to his industry observations and your specific views for LSI.

I am of the opinion that LSI will post very good earnings this quarter, but more importantly they will have leveraged the company assets to take advantage of this semi cyclical run that we are entering. It is my opinion that this semi cycle should run another 2-3 years!

LSI should see $100 as long as earnings can continue to grow at a 30% rate, we can earn $2.00/share this year and the industry cycle can run for another 30-36 months.

Based on the price history for the previous cycles, LSI stock price will lead the market peak by 12-18 months. Therefore, we have another year to 18 months before LSI sees its cycle highs.

What's your take?

EKS
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