Larry,
Here is some more:
briefing: this is a huge growth!
LSI LOGIC (LSI) 23 7/16 +2 7/16. When Tommy K. starts talking up chip stocks (a group which has been negative on for several months now), it probably
makes sense (and money) to pay close attention. We are referring to Merrill Lynch chip guru Thomas Kurlak, an analyst who we have found to be a flat out
money maker for his clients. Today, Mr Kurlak (who, by the way, was one of the first to turn negative on Intel and Micron), is making bullish comments on
chip maker LSI. In his opinion, LSI will see its earnings begin to rebound ahead of the overall sector. He makes this projection based on the fact that LSI
does not have the type of consumer exposure that many other group names have. Translated: LSI doesn't sell chips in the cut-throat, skinny margin
PC market. This company is focusing its efforts on the rapidly-expanding data networking and telecommunications markets. Based on LSI's improving
fundamentals and below average P/E, Merrill Lynch has raised its rating on the stock from "neutral" to "accumulate." The firm is also pushing up earnings
estimates for the next two years, with its 1998 view increasing 4 cents to $1.00 a share and its fiscal 1999 view going up 35 cents to $1.55, a 29%
increase. |
