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Technology Stocks : LSI Corporation

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To: Tony Viola who wrote (12991)	6/12/1998 12:45:00 PM
From: shane forbes	Read Replies (1) of 25814

(IBM) Tony: RE: Bret, maybe, but the semi stocks hammered the most specifically by the IBM announcement two days ago were TXN and LSI. (1) Sorry but Absolutely wrong. This is what Briefing said and as usual they got it wrong - perhaps TXN is more right but LSI is certainly WRONG. (2) Also there are lots of other semis in various states of despair and once you've beaten a dog into the ground severely, though it will go down further, the %ge declines get smaller and smaller. (3) Certainly one can't make a point for MU going down had anything to do with IBM. Yet it went down much more than TXN or LSI over the last 2 days from 26 to 20 or so... Ditto for CUBE which tanked - the China effect on Video CDs. (4) The point is: the sector is in trouble and attributing LSI's 'fall' (for fun Tony check out the total down volume the last 2 days for LSI - as only 1.4 and .9 million shares traded in the last 2 days that should tell you what the market thinks of the effect on LSI - if it was so severe LSI would have seen 5+ million shares traded on the downside) to IBM's announcement is patently wrong. Heck LSI and TXN did not even fall the furthest so your basic premise is wrong as well. Shane.

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