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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: MileHigh who wrote (19016)	6/23/1999 1:17:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 25814

MileHigh: Fair enough! I think the 'problem' I have is not so much with LSI but with many of the smaller companies in the sector. They are beginning to look like internet stocks with pie-in-the-sky type valuations (ok not quite but an order of magnitude less is still a lot <g>) and though I am not yet jittery I do shake my head a lot. As to LSI I think many of us have been chastened by LSI's earlier once-a-year disappointments in 1996 (oops), 1997 (this one hurt), 1998 (somewhat expected). LSI has a tendency to have biz booming at 7:30 pm and biz crashing at 8:45 pm. Funny how that happens. This time may very well be different since all the stars seem to be aligned in the same direction in the sector and all those nasty 'rumors' (read: manipulation) about PlayStation, SOC hype, Korean competition etc each of which at some point in the past was responsible for a several point decline in the stock seem to have been put to bed. Further and most importantly LSI for all the we-make-the-best-bread-in -the-world type inventions has not been a very profitable company because they need a lot of investment (R&D and cap expenditures) to produce a $ of revenue. This is not good. But since they've said they will be reducing this cost and they have shown good progress life could be much better going forward. I agree mo's in town.