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Technology Stocks : LSI Corporation

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To: uu who wrote (13999)	7/30/1998 3:03:00 PM
From: Robert New	Read Replies (1) of 25814

I have held LSI for about a year or so and seems as though there is strong support here in the 19/20 area. Should LSI break this level could get ugly for all longs. Seems as though the light at the end of the tunnel is ALWAYS a couple of quarters away....I dont think the street will give this company a higher multiple until they prove it with better earnings. Also unfortunately we will be moving into the tax selling season in Q4 which will add significant selling pressure to LSI. Appears as though very few if any are in the black at this point. Also I agree with an earlier post that Montgomery Securities analyst has been right on the mark with its outlook and currently they have LSI as a "Hold". I will continue to hold unless the 19 level is violated... Good investing to all.... Im normally an optimist but this holding has certainly tested my patience... : )

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