Patrick: If management really had some balls, I would love to see a merger with VLSI. I certainly hope that the deal wasn't queered on the LSI side. The synergies there are superb.
With respect to cutting R&D because of EDA problems, then there might be some sort of capitulation by Wilf. Clearly, he is very tied into the EDA community, so your thoughts make a lot of sense.
I am not one bit emotional about my losses. I don't like them, but I have learned to love losses as part of making profits. Moreover, your writing correlates directly with my writing. But I feel that it is also fair to challenge the assumptions of someone whose optimistic figures don't even match the optimistic projections of a management that has been too optimistic in the past. Your scenario of the Koreans overinvesting is precisely what led me to purchase LSI in Feb and May. Clearly, I was premature in my investment. Now is a superior time to be investing in the company, although with the US economy, potentially tanking, it is possible that LSI could go down into the high single digits, in which case, any serious semi investor should be shot for not adding some LSI to his portfolio. |
