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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (7885)	11/21/1997 10:06:00 PM
From: shane forbes	Read Replies (2) of 25814

Congrats on your MU - why not use the dog I say! At least COHU managed a minor gain today. Not much but I'll take what they give me. In the interest of self-destruction bought a semi-stock two days - Unitrode (UTR) at 21 3/4. It's already 19 1/2. Perfect. One of those companies I'm willing to buy and hold. Was aware of their one Major problem when I bought - something like a third of their business is from WDC and you know what the sentiment about the hard drive companies is. Yes I love pain. One of those long long term buys. Trading at a relatively reasonable range. Could go lower to 18.5 or maybe 17. I next buy 125% more shares at around $18. Just announced a sharebuyback of 1 million shares (4% of outstanding). Has free cash flow. Company that is actually interest in shareholder value. BiCMOS so cheap Capital additions. 60 million for 6" fabs - compare to the 1+ billion fabs that the big boys like LSI and INTC have to pay out. They are actually capacity constrained now. But WDC being a major customer will hurt over the next few months. Still this one is in the same vein of the companies that I love to invest in - small, not much coverage, insider ownership, short term issues that depress the price. Other long term plays that I like - COHU, UTEK and TSEMF (and BORL as a turnaround but recent acquisition may take awhile to digest - new mgt looks very capable). No point any short term people should get into stocks like these. But who cares. I'm $cost averaging. (Becoming bold and arrogant again!) RE: GATE - 3/16 down = 10% down? Does not seem fair. :-( (Have not looked closely but two other small long term plays - KLIC and HELX.HELX has a 3.5% dividend and such high past dividend growth it's amazing. If they keep their dividend growing you'll be making well over 10% per year just on dividends five years from now! KLIC is just a good company. Have not done enough homework on these 2 though.) Got to do some homework and/or place limit buy orders this Monday - market may get spooked if the Japan bankruptcy turns out to be true. Have 12 stocks now (I'm officially out of LSI now - at about $24 - so everyone else this is the time to buy!). Have had enough of the run-around. Will buy if the market gives the company to me ($19 or lower ideally). May buy earlier if things change.

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