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Technology Stocks : LSI Corporation

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To: who started this subject	3/19/2001 10:45:30 AM
From: Paul Lee	Read Replies (1) of 25814

Buy Eric Rothdeutsch, Semiconductors/Computer Hardware "On Friday, LSI Logic hosted an analyst day in which it gave an update on its strategy and key product initiatives within its four business units," said Rothdeutsch. "Wilfred Corrigan, Chairman and CEO of LSI, set a measured tone for the day by acknowledging current economic weakness while emphasizing a positive long-term outlook supported by the semiconductor industry's historical 17% CAGR and the ongoing global communications and storage infrastructure build out. Although we are cautious on the near-term prospects for LSI pending better visibility into the rate of inventory depletion and a resumption of end-market demand, we remain optimistic about LSI's long-term prospects given the company's solid positioning in its end- markets, broad product and intellectual property portfolios, and leading-edge process technologies. We are maintaining our Buy rating on LSI and maintaining our 12-month price target of $22." Robertson Stephens

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