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Technology Stocks : LSI Corporation

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To: Jock Hutchinson who wrote (13648)	7/17/1998 4:32:00 PM
From: FUZFO	Read Replies (1) of 25814

It would appear so, they earned what $.52/share? for this just finished quarter, I dont know what the forward P/E is on them. Nothing to do but waait till monday, with today being OE day, we may get some rebound monday, but at this point I'm just guessing. At any rate for someone who opens a position in LSI now below 23, I'm guessing (and even some of the others on the thd have put a number on it as $20) the downside is only less than 10%, whereas the 12 month upside per Gruntal is 74% (based on $40 target), even if I have to sit out 1 more quarter its still a good investment IMO. FWIW I bought more today at 23 (too early on the trigger) and 22 3/4, now my average price is 23 1/8. Fuzfo

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