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

To: getgo234 who wrote (10862)	3/15/1998 3:54:00 PM
From: shane forbes	Respond to of 25814

Getgo: Yes that will be a very good test. Funny though the market looks high (again) the semis look low. Or let me rephrase that - the semis I'm interested in look low. While other stocks ignore or continue their upward march the semis are taking the bruisings without falling the 20-30% declines that have marked tops in the past. For instance VLSI is sitting around 18-20, NSM is sitting around 20, LSI sitting around 21-25 (and we have not announced anything. Come to think of it I wonder what the street is expecting from LSI this q. From the stock price. Not much! Though as mentioned before this may be a trading range type of action until good news comes out. Weekly Volume seems steady - therefore range-bound?) Any way MU should say that the pricing pressures are continuing but that the prices are not at Dec. levels? That would be my sense. Then again the stock has appreciated 50% from the $22 level and DRAM may have gone up around 30-40% since then, so maybe it is fairly valued. Though that may be pushing it by a long shot. Shane.