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

To: John Dunigan who wrote (9022)	1/16/1998 7:26:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 25814

The following piece is from Smart Money Semi Outlook, Networking sub-section : "With PC growth having slowed last year, the 50% annual growth in the networking business may be the most important market for enabling technology. Fiber optic networking providers like Qwest Communications (QWST) can't roll out new lines fast enough to meet Internet demand. Sounds like a job for Cypress Semiconductor (CY), which has developed a variety of chips for controlling signaling in fiber optic lines. Level One Communications (LEVL), whose stock was riding high this fall in the upper 40s, has expertise in the kinds of transceiver chips needed to make the line cards and hubs for Ethernet networking, as well as access devices for the telecommunications field. At a trailing price-to-earnings ratio in the mid-30s, the company's price tag has gotten a lot cheaper since it started descending with other stocks in the past few months. That's still above the industry average P/E of 24, but if you believe the analysts, the company's growth will top industry growth this year and next, not to mention being several times the S&P's expected growth. Another darling is LSI Logic (LSI), which is diversifying its product line to include not just multimedia encoding silicon but also chips for high-end routers from Cisco (CSCO) that will transport a billion packets of data per second across the Internet." smartmoney.com Mang