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Technology Stocks : LSI Corporation

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To: patrick tang who wrote (14464)8/21/1998 12:17:00 PM
From: Samuel R Orr  Read Replies (1) of 25814
 
Thanks for your cheery words, and I do agree PC sales should be growing more robust through the end of the year. The DOW is actually making a modest recovery at the moment, being down only 231 points from at least 270. The NASDAQ hasn't fared as well, though, and I just read a dollar will right now buy 145 yen. I guess what I've expected, and what has not taken place, is for the darlings of the analysts' to descend from their vastly inflated PEs of from 50-200 to one. In my modest opinion, analysts don't need to beat down the values of semiconductor stocks much more, but that is taking place. What really is becoming apparent is the degree to which economic busts and currency speculation in Russia and Asia may finally affect the U.S. market. Life is a learning process. Regards, Sam
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