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Technology Stocks : LSI Corporation

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To: Duane L. Olson who wrote (8347)	12/11/1997 5:51:00 PM
From: Mark The Trader	Read Replies (3) of 25814

Lsi @ $ 20 is at a yearly low, at this point you have to start looking at LSI as a value play even with all the crummy news. Price to book 1.79 Price to sales 2.21 Price to cashflow 7.46 Forward p/e 17.39 Unless LSI forcasts major Inventory problems along with a large decrease in P/E estimates going forward, its looking cheap at these levels. But the turnaround is not going to be quick . Problem is if Asia is a problem now it wont go away in just a quarter or two , and then you have the slow summer season. Anyway a lot of the techs will scale back production to reduce inventory , take write-offs , etc, etc and unless the world economy goes into a downward spiral , things should get better. To bad the timming of this Asia problem falls in the time frame where techs have historically been strong. Mark

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