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Technology Stocks : LSI Corporation

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To: Jock Hutchinson who wrote (14275)8/18/1998 4:20:00 PM
From: Jock Hutchinson  Read Replies (4) of 25814
 
Potential Bad News Scenarios:

"Just" a institution dumping its position"--Best scenario here is that it is over, but given the intensity into the close it is unlikely that selling has ceased.

Loss of Playstation II MPU--Over time probably one of the most constructive news items that could hit LSI.

Larger than expected writeoffs for Symbios--Most likely reason in combination with an institution selling. It will be difficult to evaluate this until the Symbios CC.

Brokerage Downgrade--No chance that one broker could do this much damage unless the downgrade was leaked to other institutions. Here the only downgrade that could do that much damage is Kurlak's, both because of his influence and recent upgrade of same.

Related to a Symbios contract such as problems with the latest Xeon chips.

Pre-earnings announcement.
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