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

To: sea_biscuit who wrote (22159)	5/10/2000 2:45:00 PM
From: Jock Hutchinson	Read Replies (1) \| Respond to of 25814

Is the downside limited for LSI from here? Yes, it is. I see earnings in '01 as hitting $2.00 a share. Also I see 4Q sales in '01 at around $1.1 billion. That means that the worst the stock can do is 35 or about 17 times forward looking earnings. And with sales at $1.1 billion that equals about 3 times sales at today's prices. That tells me that the risk downside from today's prices is not too bad. On the other hand, I freely admit that I thought we had hit a bottom, and it was clear that we had not. So to that extent, I got caught with my pants down. Furthermore, the better buy in the semi sector is PMCS, so when I put new money in the market, it will be in PMCS rather than LSI. Finally, as anyone who has ever read this thread knows, I have a soft spot in both my head and my heart for LSI and Wilf. Regards JH