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

To: ronco who wrote (9121)	1/23/1998 12:51:00 PM
From: uu	Read Replies (1) \| Respond to of 25814

The cut in estimated earnings was from the briefing see under Short Stories at briefing.com The semi industry is supposed to have 16.5% growth this year (and this is a very conservative figure). With LSI stating at the minimum it will have the same growth as the industry (but most likely much better), and with the earnings cut from $1.60 to $1.40 (by this latest con-artist from Gruntle - but perhaps I should not call the guys from Gruntel con-artists because I like Joe Batepaglio who is the chief market analyst at Gruntle and is one of the few analysts who seems to be honest), anyway, even with the new cut estimated earnings of $1.4/shr, LSI at its current price of $22 and change is trading at a forward P/E of 16 (which is even below the anticipated semi industry growth for 98). What do you guys think LSI's P/E should be at this time? Certainly a P/E of 16 is outragously low for a company such as LSI, Or am I missing something here? Regards, Addi Jamshidi

To: ronco who wrote (9121)	1/23/1998 1:35:00 PM
From: shane forbes	Respond to of 25814

I'm guessing sometime this morning. When can't be exactly sure. Briefing reported around 10-12 I'd guess. Don't know about "current company information". But suspect that with an expected revenue growth rate of 15-18% for 1998, earnings growth rate of 26% (1.40 for 1998 from 1.11 for 1997) is pretty reasonable. LSI said flat Q1 revenue with equal or greater earnings. And for 1998 equal or better to industry average. Industry average is around 18% but coming down to 15% because of SEA.