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Technology Stocks : LSI Corporation

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To: Yiota who wrote (10767)	3/11/1998 7:15:00 AM
From: shane forbes	Read Replies (1) of 25814

Giota: This may mean absolutely nothing but LSI's rise to 27 though on pretty weak weekly volume is being matched by a fall to the 19-20 area (and no lower hopefully) on even weaker weekly volume. So maybe this is nothing more than short term people being happy and unloading at 27 (or the 2nd chance at 27) and longer termers (like me) saying "it's going down so what - I'll wait." and not selling. I can "feel my pain" but no more than band-aids needed at this juncture. I think and hope the business fundamentals at the company are improving; I bought with the realization that this would take time; I'll hold or buy as we stabilize at some lower level (if I can find the cash!). Brave words. Let's see how much of this my stomach can take. This is about as low that LSI can go (+ or - a couple more points I guess) but it is very difficult for me to believe that it is going to collapse and stay down for a long time. The 2 big caveats are (1) some bombshell from the company and (2) some big macroeconomic event. But thinking purely about the company and its story right now and a guess on how it will be doing in the future based on what I know right now, my reaction to the stock going down is "so what". Of course I'm really hoping LSI does not sock it to us with an earnings warning (I don't think so) or some such limited visibility jazz in the c.call (might happen n/t - would be very bad n/t). [The main premise is that we cannot have a repeat of the 1 year inventory correction thing like LSI had in 1996 again this year or next or anytime in the next 3 years! If we did then my investing in LSI would have to be characterized as a big boo-boo. I don't expect it and that's why I own the stock.] Shane.

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