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Technology Stocks : LSI Corporation

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To: ronco who wrote (9121)	1/23/1998 12:51:00 PM
From: uu	Read Replies (1) of 25814

The cut in estimated earnings was from the briefing see under Short Stories at briefing.com The semi industry is supposed to have 16.5% growth this year (and this is a very conservative figure). With LSI stating at the minimum it will have the same growth as the industry (but most likely much better), and with the earnings cut from $1.60 to $1.40 (by this latest con-artist from Gruntle - but perhaps I should not call the guys from Gruntel con-artists because I like Joe Batepaglio who is the chief market analyst at Gruntle and is one of the few analysts who seems to be honest), anyway, even with the new cut estimated earnings of $1.4/shr, LSI at its current price of $22 and change is trading at a forward P/E of 16 (which is even below the anticipated semi industry growth for 98). What do you guys think LSI's P/E should be at this time? Certainly a P/E of 16 is outragously low for a company such as LSI, Or am I missing something here? Regards, Addi Jamshidi

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