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Technology Stocks : LSI Corporation

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To: Duane L. Olson who wrote (12579)	5/23/1998 3:43:00 AM
From: shane forbes	Read Replies (1) of 25814

TSO: RE: I'm not sure I'm ready for a dismal summer. Golf! RE: With the cacaphony of bad tech news LSI has had to face, a retest of support at 21 would not be all that surprising No it wouldn't - heck had a 21 1/4 today! I expect at least 20 before we are all done with. LSI's business is still good. STM likewise expects to beat semiconductor growth rate this year. So some corroboration. Of course no hope in hell that LSI is going up unless we get some good revenue growth, something... Too many weeks to go before July earnings release, too many miles to go before I sleep... Definitely seeing some serious left for dead blood-letting in semiequip land and definitely seeing similar signs of blood-letting in semi-land. Will take awhile. Need to see if everyone gives up on INTC. Actually I still consider LSI expensive relative to some of the other slaughtering that has taken place. This is only a relative thing and means nothing. ADI is still expensive, so is ALTR etc etc. At some point these institutional favorites have to become cheap - that's our cue. Sorry about the little one.

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