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Technology Stocks : LSI Corporation

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To: Andy M. who wrote (25103)	7/24/2002 9:58:06 PM
From: Andy M.	Read Replies (1) of 25814

Just want to add after listening to the conference call that maybe LSI earned back some credibility this quarter. I remember during the last call, LSI offered relatively optimistic guidance and at least one analyst was skeptical, wondering why LSI was predicttng decent revenue growth when everyone else either had no visibility or saw things deteriorating. Wilf answered with details about trhe various businesses, but you can judge by Merrill's devastating downgrade right after that call that analysts weren't buying it. But in fact LSI came in at the high end of their optimistic range and that's why they easily beat expectations. On this call, another analyst made a similar comment--something to the effect that you guys are the most optimistic of the semi companies that have reported so far and Wilf had to answer that LSI has successfully reorganized their business in the last 18 months and while many segments of the industry don't have good visibility, they happen to have good visibility for the next three months. If the analysts start believing Wilf, it could give the stock a nice pop. LSI may start to look like it's been thrown out with the bath water lately. Andy

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