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

To: Mike Hermann who wrote (19255)	7/12/1999 12:10:00 AM
From: shane forbes	Read Replies (1) \| Respond to of 25814

I don't know about 'big' gains since the story is already out. I have not bought a single share in 1999 and likely won't ever again. For the current run, my buying was entirely in 1998 when the idiots were doling the shares out. There are better things out there than LSI IF you want to take on greater risk - as I habitually do... I don't fault you for wanting to cover. People forget that the large caps are also large pieces in asset allocation portfolios. Certainly the gains in INTC and a lot of the large caps recently had more to do with asset allocation than anything else IMHO. LSI can no longer fly under the asset allocation rudder I think. But I will add that the stock is still 'relatively cheap' (this does not mean that it can't become cheaper...) and the industry is in good shape. Also as to your valuation argument yes a lot of the stocks are selling much too high especially the smaller semis - some of mine as well. As a yardstick every semi has to exceed its 1995 high before the party ends IMO - whether people want to say that that is 62 or 55 for LSI remains to be seen. Besides LSI is now a two-fer - Symbios + old LSI and the old LSI is still not yet cooking at high - more like medium, Symbios is cooking at high and should be for a long time. Being a two-fer should mean that the old 1995 high is a gimme. But we shall see.