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

To: Peter E. Thorpe who wrote (8848)	1/7/1998 11:19:00 AM
From: RFF	Read Replies (1) \| Respond to of 25814

LSI had some good strength this morning, but the wave of tech selling eventually took us down. It actually traded up for awhile this morning. I think the general tech selling is overdone. Individual stocks can still have problems, but this practice of selling everything to do with tech is pure stupidity. I'm definitely using these selloff to buy on the cheap. There are plenty of techs with PEs in the teens now, which have long term growth rates of 20%+. Buy selectively and you'll be very happy in a couple years. (Leaps are offering a low capital way to build up large positions on the cheap!) The coming year isn't going to be that bad. The economy will keep growing, spurred by the lower rates - lots of mortgage refinancings will free up more cash for spending. A couple years ago, 2-2.5% GDP growth would have been respectable!