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

To: country boy who wrote (20137)	10/13/1999 12:58:00 PM
From: Jock Hutchinson	Respond to of 25814

About a month ago, I wrote that I felt that LSI was fully valued at sixty, since it was selling at twenty-five times next years high estimate earnings. Indeed, the $2.50 estimate for next year seems likely rather than the current consensus. The question becomes, what is the low end, and the historic answer has always been 17 times earnings on very rare occasions. Thus, it would seem that if one is an intermediate picker who believes in buying within ten percent of the bottom, then today's price presents an excellent opportunity.