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

To: dr_elis who wrote (11895)	4/26/1998 4:43:00 PM
From: John Lengyel	Read Replies (1) \| Respond to of 25814

<< I don't think competition can really hurt them>> Competition is precisely why LSI's earnings will not be as good as many anticipate. Without competition LSI could charge whatever they wanted for their goods and services and would be making a fortune. Because of competition they will only be able to maintain or possibly gain market share by cutting prices. As I recall, they lost part of their Sony business last year due to competition. Too many hands in the pot. How many years now have we heard that the turn around for LSI and other semi's is just around the corner. What amazes me is that every Spring investors start believing this fantasy. October brings about the reality check. A lot of money may be made in LSI between now and then. But if we do get a decent run up I'll be out by the latest early in October. LSI may be a decent company. But they ain't that great. They even look overvalued at the current price. But so do many other companies.