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Technology Stocks : LSI Corporation

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To: DavidG who wrote (14201)8/14/1998 3:42:00 AM
From: Jock Hutchinson  Read Replies (2) of 25814
 
David: While I disagree with you over the imperative need for Wilf's resignation, it is very clear that lack of guidance on Symbios can only delay any positive appreciation on LSI's stock. And with good reason. No self-respecting analyst is going to offer any kind of opinion on LSI's purchase of Symbios, when that opinion can be contradicted within a matter of weeks at the LSI conference call that will discuss Symbios. For that matter, no professional would even venture to offer an opinion on the relevant subject until she has had the opportunity to gather the facts. No doctor would offer a diagnosis until she examined the patient; no lawyer would offer advice until she had met with the client, etc. Thus, in the current climate, LSI is simply at the mercy of doomsayers, short sellers, and (to quote Spiro T. Agnew) other "nattering nabobs of negativism". But even if one accepts the most negative outlook for LSI's next two quarters, it is still outrageously cheap--the cheapest valuation it has seen in the past six years.
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