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Technology Stocks : LSI Corporation
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To: The Vinman who wrote (12641)5/26/1998 11:44:00 PM
From: hb  Read Replies (1) of 25814
 
S & P 100 index is testing support (i think at 1200). All tech stocks go through summer doldrums. The key will be whether the order rate picks up going into 3rd qtr (for intc,amd, lsi, national, etc). I expect growth this 3rd and 4th qtr to be flat to 5% up. This is due to fall in computer prices and components. Only if Europe comes out with a bang, we could see 8% growth type number. Given this, the stocks are fairely valued for this year. Next year is too far out to call.
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