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Technology Stocks : LSI Corporation
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To: Daniel My Brother who wrote (15854)10/29/1998 1:18:00 PM
From: patrick tang   of 25814
 
My gut feel is I don't think LSI would do much the next 3 months.
If taxing selling is happening, I am quite encouraged - I thought it
would be a lot worse than this. Am preparing to buy more if it
dips.

If there is any January effect, then I suspect LSI might participate.
Cost cuttings should be visible by Q2 '99, minus 6 months for
wall st. to look ahead etc. etc.

I am starting to believe LSI might move sooner on a blue bird -
Playstation II. Yesterday LSI press release said they will be
showing off 'a MIPS microprocessor based gaming platform'.
That can't be PSI. The semi industry has never done any
nonproduction 'concept' chips the way the auto industry has. That
gaming platform has got to be for one of the 3 - Sony, Sega or
Nintendo. We know Sony will be showing off PSII early Nov.
when the new Sega debuts. By then, it will be reviewed whom the
suppliers for the new Seaga and PSII are going to be. I am sure,
but not quite willing to predict as in buying stock on that or
opening posting that as a prediction, that LSI got one of the
contracts. Who knows, maybe LSI got em both ....

Anyway, when I bought the stock last Aug at around $24, I was
looking for $60 to $100 by 2001. I have not seen much to affect
my thinking yet. The only threat to that was the Fed not cutting
interest rate and letting US economy tank. But that threat is gone
now.

patrick
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