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Technology Stocks : LSI Corporation

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To: Charles Tutt who wrote (14320)	8/19/1998 9:59:00 AM
From: Tech Watcher	Read Replies (3) of 25814

Wilf was so smug about scolding the shorts. With their proprietary products, their is no way they should be having these problems to this extent. Wilf is out of touch with his company. Either he is clueless or is receiving bad information from someone. They should have had enough visibility one quarter out to not have to warn. The stock was already close enough to a 52 week low during the last CC that it wouldn't have mattered if they would have given the lowered 3Q guidance at that time. To warn this early is gross mismanagement. They will still be in the 30's next year, but they didn't have to go to 16 first. Head(s) should roll... Wilf?, CFO?. There will be an SEC investigation into who got the information before it became public and got to bail a day early into strength. My worst nightmares about the ineptness of LSI management are coming true. - Tech Watcher

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