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Technology Stocks : LSI Corporation
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To: G. H. who wrote (14603)8/27/1998 5:49:00 PM
From: getgo234  Read Replies (3) of 25814
 
Its too bad that LSI didn't purchase Symbios with LSI stock. Cash
saved could have been used to purchase LSI stock in the open market. With the approximate 700 million used to purchase Symbios obviously a
great deal of LSI stock could purchased in the open market. On a more serious note is LSI's CEO competent to be making major decisions ?
It appears to me that Wall Street is questioning the very viability
of LSI as an ongoing entity. With the semi industry in such dire
straights why would CEO jeopardize the very existence of LSI by
buying Symbios at this time ? The only logic answer I can come up with is that CEO of LSI felt that LSI was not a viable long term
entity on a stand alone basis. If acquisition of Symbios turns out to be a major mistake I do not think that LSI will survive the experience
unless we see a sharp upturn in the semi industry in the interim.
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