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Technology Stocks : LSI Corporation

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To: 16yearcycle who wrote (22529)	7/28/2000 2:40:19 PM
From: shoe	Read Replies (1) of 25814

This from Bob Pisani at CNBC regarding analysts concerns about LSI: "...if they can't grow their top line in this enviornment, that's bad." No mention of the $20 million going into the next quarter, but from what I've been reading, analysts say they're still short the $672 million revenue projected for the quarter. This focus on revenues may be an after effect of analyzing so many internet stocks that have huge revenues and no profits. Sort of ironic that a company with great revenues and profits gets the karate chop. It indicates how fearful investors are right now, like a teenager looking at pimples, even the slightest perceived blemish is a horrible disfigurement. I wonder what it will take to turn this negative sentiment around: maybe if the fed doesn't raise rates in August or do we have to wait for them to start dropping rates? Or as chip and chip equipment companies continue to announce great earnings over the next two quarters, rational thinking may again prevail--no, more likely sentiment will shift back to positive, meaning that mindless buying will replace mindless selling. Always appreciate the information I get on this thread. pjm

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