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Technology Stocks : LSI Corporation

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To: thomas hayden who wrote (8793)	1/1/1998 12:15:00 PM
From: RFF	Read Replies (1) of 25814

I don't think Corrigan (CEO) would have bought 100,000 shares last month if he figured they'd be even close to missing their numbers. It could have been a PR move, but I don't think even the CEO would put up $2.3M of his own money for good PR. The last warning they gave (after earnings release last quarter) was for earnings in the $.20s - Zacks has them at $.22 for the quarter and $1.14 for the year. If they can make the $1.14, that's only 17.5 times trailing earnings - starting to sound pretty cheap to me! I think they'll beat $.22 cents though - I see $.24 to $.25. Well, that would start the new year off well anyway! RFF

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