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Technology Stocks : LSI Corporation

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To: lnkennedy who wrote (25709)	1/9/2004 3:37:18 PM
From: E_K_S	Read Replies (2) of 25814

Hi lnkennedy - If you look at my posts covering the last two years on this thread, you will see how I arrived at my $25-$30 target price and my guess for the cycle's time period. Nothing has really changed in my observations for the company in general and how they have worked on restructuring their complete product lines. The only thing that has changed (or is at least unknown) is when and how strong the next up cycle will be. My guess is that is began with an excellent order book for November but it needs to have legs. The storage division spin off is supposed to be done sometime this year, maybe by the first half. You are correct as the key to this investment is when you sell. In the last run I only sold 1/3 of my position at the pre split price above $60. This time around, I hope to sell all of my cheap shares I bought below $5 somewhere in the $25-$30 range. I will watch our CEO sales as he too picked up a very large position in the $7 range. Good luck and soon we should begin to see some "real" earnings. EKS

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