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

To: shane forbes who wrote (11159)	3/26/1998 1:45:00 PM
From: Moonray	Read Replies (3) \| Respond to of 25814

shane has asked: So "from these depressed prices" do you expect a triple or at some point a quintuple in 3 years. On the AOL board John Dessauer is predicting earnings of $5-6 per share and a share price of $100. I am a tad more conservative. Figure $65 should be easily possible and if we get euphoria a $100 is not out of the question. To me, it depends on which LSI steps up to the plate. The one the street currently sees or the one that shane sees. The street is currently looking at $1.12 year Dec '98 and $1.50 Dec '99 with a 20% growth rate. So, looking from the street's point of view, let us say that 3 years from now earnings are $2.00-$2.50. That would be good enough to get us back to the old high on this chart (double from here) quicken.excite.com Now shane has noted that LSI has "put many ducks out on the pond" and some of these "chickens may come home to roost" (please excuse, I love cliches). Now, should LSI in fact hit a homer in it's time at bat, I think $4.00-$6.00 is possible and would give a target price in the $100-150 range. About volume: Note that on the LSI 5-year chart above, an unusual thing happened. The meteoric rise of '93-'95 was accompanied by much the same volume as we have had recently. The real heavy volume was seen during the '95-'97 sell-off. Perhaps the 1% gains on low volume over the last few days is exactly what we need. One percent a day would compound nicely.<g> o~~~ O