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Technology Stocks : LSI Corporation

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To: DanZ who wrote (15115)	9/18/1998 12:18:00 PM
From: Moonray	Read Replies (2) of 25814

LSI Logic Corporation LSI 06/17/97 $34.625 You're probably tired of hearing about LSI Logic's (LSI). I know I'm tired of seeing the red ink on Jubak's Picks. I thought this chip maker was cheap when I recommended it last June in "Chip Investors, Roll Up Your Sleeves" at $34.625--but in the last year all it's done is get cheaper. However, I still believe that LSI is still the best way to play the system on a chip trend ("10 tech stocks to buy . . . later "), and, although the company is having difficulty getting earnings revved up, it continues to rack up design win after design win. In early June, for example, Dell Computer announced that it would use a LSI DVD chip in its line of notebooks. Merrill Lynch and Gruntal & Co. have both recently upgraded the stock and shares have actually moved higher during June's technology correction. My 12-month target price is $36. Full disclosure: I own shares of LSI Logic. investor.msn.com Note that his purchase was a year ago last June at three times the current price. He's only looking to get even over the next 12 months. o~~~ O

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