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Technology Stocks : LSI Corporation

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To: sea_biscuit who wrote (25135)8/10/2002 12:13:16 PM
From: Andy M.  Read Replies (1) of 25814
 
Dipy,

But look at LSI specifically: it's trading at 1.57 times sales. It's price to book value is 1.2. If it goes to $3, it'll be trading at roughly half its book value! This is a company projecting 10% quarter on quarter revenue growth (at least for the next quarter) and they've got some credibility because they beat revenue expectations last quarter during a very difficult period and seem to have good visibility (at least for this quarter).

Why in the world should LSI go to $3?

Andy
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