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Technology Stocks : LSI Corporation

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To: BWAC who wrote (14514)	8/24/1998 8:44:00 PM
From: Richard H.	Read Replies (2) of 25814

Re: Thoughts on value. IMO the $9.50 value you refer to represents the "old LSI" minus the $760 million in cash. I don't think the old LSI could be valued at $9.50 if it still had that cash which would be invested and earning interest. Share price now seems to reflect analysts estimate of 1998 annual earnings of .80 +/- and a PE of 19 to 20 which applies to the lower half of the S&P 500 group. Most investors and analysts probably don't have a solid handle on the financial performance of Symbios and are not yet comfortable with adding in future earnings. Maybe this creates the opportunity? I'm very interested at these levels. Thanks for your posts.

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