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Technology Stocks : LSI Corporation

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To: patrick tang who wrote (17652)	4/2/1999 7:33:00 PM
From: Stock Guru	Read Replies (2) of 25814

The Semiconductor industry has been plagued with over optimistic forecasts. The forecast assume that prices don't plunge and volume increases. As we all should know, this is not the case. Currently semiconductor stock prices are near all time highs and profits are horrible. They (profits) should stay bad as long as more fabs are opening than closing. This of course deviates per company. I think Lsi above $60 is a good short. For those who believe the market should trade at an average PE of 100-200; a price of $100 - 200 doesn't seem at all absurd for LSI. just my opinion (partly).

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