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Technology Stocks : LSI Corporation
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To: uu who wrote (7580)11/1/1997 12:06:00 AM
From: john o  Read Replies (3) of 25814
 
Addi,
Not to knock Valueline, it's a great resource. I also know you're a longtime LSI fan. I should also mention I am quite long LSI by averaging down. And I expect we will see 30- 40 in the next 12 months and can profit by trading at the appropriate time.

However, I thought a few excerpts of their October 27, 1995 report (I'm not normally a packrat) might bring our expectations back down a bit. The price per share at that time was $55. No splits have occurred since that date. Last split was summer 1995.

From their 10/27/95 report

1998-00 projections: High 115 Low 75.

Projected growth rates 1994 to 1998-00: Sales 29.4%, Earnings 45.4%.

"LSI Logic shares have run up 150% this year, but they are still timely. ..."

"LSI announcea a new process that it will use to produce a 0.25 micron chip. ..."

"With Sony's PlayStation, LSI showed that it can produce a high-performance consumer product in a relatively short period of time. ..."

"These shares also hold attractive capital-gains potential for the next 3 to five years. LSI has become a leader in its industry. And at the present pace of innovation, we can't help but think its earnings will accelerate much faster than the average stock under our review."

Botton line. Either Valueline was not too conservative for LSI or LSI has been a pretty big disappointment. I don't see them meeting these projections or the new projections anytime soon.

If your interested in more old data, feel free to ask. If I have time, I'll post it.
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