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

To: Neil Mintz who wrote (22991)	10/24/2000 4:55:33 PM
From: Andy M.	Respond to of 25814

Neil, The revenue missed from last quarter was worked into expectations this quarter. Before the hiccup last quarter, LSI was saying revenue growth of 8-10% sequentially quarter over quarter. When the revenue slipped, they raised guidance to 10-12% revenue growth for this past quarter, and it became clear in the conference call that some of the uptick in the rate of growth was to account for the revenue spillover. But then they went ahead and posted 13% revenue growth. Going back to 10% I see as returning to the trend they were on before the slip-up: 8-10% growth. And actually it's a little bit better, because the 10% now is on a slightly larger base than they were predicting quarters ago. So, really, fundamentally LSI has been hitting the growth targets management was promising when the stock was around 90, but because of the market meltdown and their own screwup, the market valuation is significantly lower than that. I hope the market sees it the way Jock sees it and we go much higher from here, but I'm also worried that the general psychological damage the market has sustained and the specific LSI psychological damage won't be completely repaired by this very strong quarter. That's frustrating. But it's hard not to trend higher from here with this report. Andy