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Technology Stocks : LSI Corporation

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To: Jock Hutchinson who wrote (18640)	5/31/1999 8:00:00 PM
From: shane forbes	Read Replies (2) of 25814

Jock: I lost part of the reply. The convertible offering was to replace bank debt not for cap. additions. If I have to spell out every single detail in every single post and mark every single post with references to previously posted points just so that people who can't think through the whole thing can pick and choose their bits and pieces then posting here would be a real chore. I've learnt one thing is that I would like to have nothing to do with OPM (Other People's Money) and to all the idiots who read these posts and make decisions based on them the laughs on you. It takes hard work to decide if a stock is a good buy. Easy ways out don't work if you want to be in a stock for years. People like you who want to run home to Mommy because they followed someone else and bought in the low 20's are of the biggest boneheads around. It takes me roughly 3-4 months to figure out what's really going on in a company and though there have been mistakes these were more a result of cheering for the littlest hobo than errors in the financial analysis. And I have no problem making errors or losing money this way! It is people who love money (YOU and some of the idiots here) who get thoroughly bent out of shape when the disastrous opportunity costs hit home. Tough. That's life. From every mistake I make I learn. From every cheap stock I have bought only to see it go cheaper I have learnt. And that to me is the essence. If you and you half a zillion minutes of 'investing experience' is swayed by what you see here you are the biggest idiot of them all. And ditto to any other idiot who thinks it is 'easy' to invest and it is 'easy' to fully understand the accounting gimmicks and the companies that don't want to fully disclose the underlying strengths and weaknesses of their businesses. Idiots get rich when other idiots follow. Start your own club. OPM is not my style. Like my distaste for lawyers I find brokers similarly despicable (esp. as it pertains to the smaller people - the people who can afford to lose money the least). As to the naming of Storage Systems - big woof. All I care about is that 75% of what came from Symbios was chip related and 25% was not. What LSI calls a System, taking a larger perspective I can view as a component. Otherwise I'd be calling all of LSI's chips components and I prefer chips - less typing. If it misled anyone well oops. And as you realize I don't write these as I write term papers or news articles. I am not checking each and every name as doing so would take much too much time. I am a firm believer in storage and that is why I could care less (and investigated even less) the fine nuances of nomenclature. Now wasn't it you who at the very bottom of LSI's stock price - $11 - said: 'What's there to like' re: the restructuring. So before you go imparting your nonsense, make sure YOU know how to analyze these things before you speak. I think I said LSI joining the big boys or some such thing after the Q3 release. I had been looking for a lowering of the cost structure and that finally came. I recall you bemoaning the lack of R&D and your Way-Too-Simple-Peter-Lynchism-for-the-Masses 'Lowering R&D is bad blah blah blah' or the 'Gross Margins are down so that"s bad argument". Boy or boy. Sure I could find your posts post Q3 release but I'll leave it you since you are so good with your search engine. All I know that after a crappy April'98-Sept'98, my returns are back to being large and life is good. Nuff said.

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