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Technology Stocks : LSI Corporation

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To: DWB who wrote (9771)	2/13/1998 1:07:00 PM
From: Jock Hutchinson	Read Replies (2) of 25814

Daniel--My remark was not directed at you. It was directed at the article. Buying LSI on its promise the past three years has been a terrible investment. To receive a mere twenty percent return on one's purchase of LSI from its peak in 1995, LSI would need to hit $135 in the year 2000. Why do I hold LSI today?. Its promise of a much brighter future. But an analyst like Kurlak is not paid to issue short term calls on a stock's promise. He has two sets of calls in ML's system, and he is long term bullish on most semis. But for the short term he is much more negative. Quite frankly, that appears to be an outstanding call. I do not confuse you for Addi, who is the senior member of this board. (His posts on the LSI board begin almost with the start of this board). Like him, I am a very strong bull on LSI. But he is simply wrong to call analysts con artists. If one takes such a contrarian strategy as to buy when an analyst says hold ("sell) and sell when an analyst says strong buy, one will loose his shirt. You don't have to ask me. You can ask Ben Zacks and over fifteen years of empirical evidence. It's that simple. Once again, no one on this thread has taken up the challenge of my "beat the analyst" contest

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