Shane,
I wasn't trying to be critical of your approach, I was trying to be funny (I have a strange sense of humor). I was just trying to let you know that the selling was institutional in nature which generally means it will take longer for a recovery UNLESS the company can more effectively market itself to the investment community. In my interactions with them, they seem to have the attitude of "we just run the business and the stock price isn't under our control". It is this attitude I am most disappointed in and calls for some caution. Selling stock is just like selling anything, you need to create a perceived value in the eyes of the consumer (i.e. investors) so they will pay more. IBM is great at this as are altr, xlnx and many others. The run to 29 seemed to be based on a euphoric overall market rather than anything LSI specific. Until the institutions come back this plane will not have sustainable liftoff. Again, it is LSI's poor handling of this marketing that is causing hesitation on my part. Until they get that fixed there is no need to rush back in because the results are still out in 1999 or maybe Q4 (who really knows, the guidance they give is lousey and they deliver it with a manner that makes you not trust them) .
Again, I was just trying to pass some information and opinions on, not trying to be critical of you. LSI yes, but you no!
later,
K (who sees light at the end of the tunnel from a revenue growth perspective but who has little faith in the companies ability to sell itself) |
