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Technology Stocks : LSI Corporation

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To: Jock Hutchinson who wrote (18640)	5/31/1999 7:25:00 PM
From: shane forbes	Read Replies (1) of 25814

Jock: (1) Convertibles are not equity offerings. The stock dropped because of the hedging that usually takes place when these happen. Check out Conexant's similarly placed convertible. Convertibles are pseudo-equity securities. LSI did a convert in 1994 as well and I would not have sold then. Basically LSI swapped convertible debt for bank debt - a good thing. (2) The reason I say 'I think' LSI was cap constrained was the revenue gains were nowhere close to what I would have expected (profits were better than expected). In addition, we had the articles about the possible foundry deals and how LSI wanted to move production there if conditions warranted. Plus the delay in closing down the Japanese facility. (3) Lawyers are rats - that's all I have to say to that stupid point. Egging people on just won't work. Boy and you are just plain stupid. Revenues are revenues. You can't write off revenues! Idiot. Accounting quackery does not change economic reality. As to some of the other stuff about DVD etc check the date on that post - Nov 1997. That's a 7. Besides I have found that it does not matter to dot every i and cross every t since in the whole I often get lucky (opportunity meets preparation) and conservatism somewhere more than makes up for aggressiveness elsewhere - in 1997, I did not foresee the strength in networking, I did not foresee the strength in storage, I sure as hell did not foresee the debacle in Asia (basically this pushes out everything 1 year). Oh yeah and BTW your ability to use a search engine does not impress me. Ignoring the rest of your crap. And don't bother replying to this or any more of my posts in the future. Your crap never changes - why don't you go back to Iomega thread and hassle people there. Or elsewhere. If you can make ad homenim attacks then so can I. And don't bother sending me a PM because I'll ignore that too.

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