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Technology Stocks : LSI Corporation

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To: Mark Brophy who wrote (8735)	12/24/1997 4:47:00 PM
From: DavidG	Read Replies (1) of 25814

Mark, You better read the disclosure statement at the bottom of the Lehman report. They all have a conflict of interest with LSI giving them a bias to report on LSI in a very positive way. If you just read the facts and filter out the opinions you will see the content is very negative. From a technical point of view, since LSI broke 22 on 12/10 and closed at 19 13/16( a new closing low) we should realize now that LSI may not be putting in a double bottom but rather may be going down further. At minimum LSI will be dead money for at least another quarter since the consensus is for a lower expectation in eps this quarter and a wait and see for following quarter. I am not happy about that report but it is the second bad downgrade. KURLAK the "idiot" indicated the same on 12/1 causing a decline from 25 1/8 so maybe expect another one. I would suggest selling into any rallies and just wait and see after that if the fundamentals change. I just hope there is a rally but so far it doesn't look like SANTA CLAUSE is coming to town. Good Luck DavidG

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