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Technology Stocks : LSI Corporation

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To: getgo234 who wrote (14012)	7/30/1998 11:03:00 PM
From: john dodson	Read Replies (1) of 25814

Lehman's 7/23/98 Report on LSI. Keep in mind this was the day before LSI reported earns. Lehman ages these things for a week before making them available. It'll be interesting to see what they say after digesting the Symbios deal: lehman.com Some interesting highlights: o 12-Month price target (still) $32 o On the Symbios Deal -Complements LSI's thrust into storage market (now 5-10% of sales) -Little product overlap & a different customer base, including Iomega -Symbios' gross margins "modestly" below LSI's o Remain cautious due to near term industry conditions AND LSI's slightly reduced gross margins. o Earnings estimates of (not counting Symbios deal): $1.05 - 1998 $1.65 - 1999 -John Dodson

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