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

To: Paul Lee who wrote (22161)	5/10/2000 3:17:00 PM
From: Andy M.	Respond to of 25814

Paul, >>>>from WSR from H&Q conference Speaking about LSI Logic (NYSE: LSI), Balain states, "We have an $85-price target and a buy rating. If you believe the Internet is here to stay and is growing, LSI Logic is basically an enabler of the Internet, in our view. They have six vertical markets. Each vertical market makes products that feed into or enable the Internet. It's a very good story, in our view."<<<< Of course, I like what he's saying but "six vertical markets" sounds like he's reading from an old crib sheet, before LSI's reconceptualization of its divisions. Plus, I heard him in an On-24 interview from the H & Q conference pounding the table on Xicor as one of the best semi's to play and then they completely blew up the very next day with a profit warning. Apparently, he used to work at Xicor four or five years ago and hinted that this made him a super-good authority on the stock. The sad thing is that we need all of these analysts to keep recommending the stock, regardless of whether they know what they're talking about, because a downgrade right now would be cataclysmic. Actually, now that we're in the low 40's, I think Jock's right that the downside risk has been pretty well minimized. Maybe a little swing up after the Fed meeting? Andy