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To: Proud_Infidel who wrote (23687)	3/5/2001 12:57:00 PM
From: BWAC	Respond to of 25814

BK, Excellent analysis. <I would agree with your hypothesis of waiting for 20 instead of buying at $16.50 if I had absolutely no faith that semis would come back anytime soon. That being said, I believe they will coem back strong later this year or in early '02. You could earn 4%, maybe 5% in a money market fund. However, it would take about 4 years of 5% interest to get over $20 from $16.50. Do you really believe that LSI will not surpass $20 within 4 years? That is certainly not a bet I would make.>

To: Proud_Infidel who wrote (23687)	3/5/2001 3:09:38 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 25814

Do you really believe that LSI will not surpass $20 within 4 years? The problem is, you are looking at only the "returns" side of the equation. How about risk? How much will this stock be valued in the absence of earnings? My guess is that it will be around 1 to 1.5 times revenues. Keep in mind that revenues are decreasing. Even if you assume that they will bottom out at $5 a share, we are looking at downside price targets of 5 to 7 1/2. You are saying that will never happen? Never say never. People who were so very sure that CSCO/MSFT/INTC will never decline more than 20% or 25% from the highs are shell-shocked right now.

To: Proud_Infidel who wrote (23687)	3/6/2001 2:09:59 PM
From: BWAC	Respond to of 25814

<I would agree with your hypothesis of waiting for 20 instead of buying at $16.50 if I had absolutely no faith that semis would come back anytime soon. That being said, I believe they will coem back strong later this year or in early '02. You could earn 4%, maybe 5% in a money market fund. However, it would take about 4 years of 5% interest to get over $20 from $16.50. Do you really believe that LSI will not surpass $20 within 4 years? That is certainly not a bet I would make.> In regards to that excellent analysis, and clear thinking yesterday. I think one can make the elusive $20 barrier with a covered call sell. The April 20's are almost $2, if one wanted to be safer the April 17 1/2's are close to $3.