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

To: getgo234 who wrote (12340)	5/13/1998 12:18:00 AM
From: Michael F. Donadio	Read Replies (2) \| Respond to of 25814

The shareholders meeting was in a beautiful building overlooking the East River. Wilf Corrigan spoke and presented very encouraging perspectives. LSI's main business is coming from consumer products and telecommunications. These are on an upswing as well as semi's in general. He said the downcycles usually last from 2 to 2 1/2 years in semi's, and this is just about over. He sees business in America, Europe and even Japan as doing well, and that the main driving force for semi's is becoming the internet and not computers. LSI is well positioned, with LSI doing better the 2nd & 3rd quarters, and even better in '99. After the meeting we went to the 41st floor for refreshments and got to see some great products. I finally saw the Casio camera. I'm a photography enthusiast, and I was very impressed. A resolution of 4 million pixels and the camera can take 7 frames/sec. The camera is currently only available in Japan and no firm date for when it would be available here was given. They guessed that it would go for about $500 in the US. The minolta camera is not out yet. Wilf said that the next generation DCAM will be capable of 30/sec. which of course would qualify it as a video device. I was also impressed by a PC DVD Card which is also soon to be released by MARGI. All in all, I can say I feel LSI is a quality company, well positioned to do very well in the market place at this time, and I'm proud to be a shareholder. Wish I had seen Shane and wish I owned more LSI. All the best, Michael

To: getgo234 who wrote (12340)	5/13/1998 8:56:00 AM
From: shane forbes	Read Replies (2) \| Respond to of 25814

getgo: Well apologies to everyone here and crud and double crud and triple crud to Yahoo Maps and downturn parking in the Wall Street area! --- If anyone cares here's the whole sad saga: After a bit of a delay (with some nonsense with Yahoo maps) I left with what I thought plenty of time to get to the meeting - I est. I would arrive there at 4:00 based on Yahoo Maps estimates. Of course the yahoo map says take 278 and I see no "278" listed off the I-95 (they used something like 7B or something with only a verbal description of the 278) - this cost me 20 minutes. Of course the darn FDR was packed for 3 miles - that easily cost me another 25 minutes. Of course Yahoo Maps exit off FDR was non-existent. So I had to call IBM at 33 Maiden Lane and ask for directions etc etc - that cost me another 20 minutes because those people were also confused. Once I finally get there, now around 5:10, I balked at the parking rates - $14 for 30 minutes - give me a break. I figured 3 hours or $90 is ridiculous (of course later on much later on at the bottom of those boards I see that there is a cap - I think around 30 for a day which would have been better.) Now 5:25. So driving around looking for some place to park (many of the lots were full anyway) I ended up on this darn long one-way bridge(And why are those bridges only one way - makes sense from a cost point but I could not just turn around...) Ended up in this real poor section (note to self: we worry about 1/2 point changes in LSI when there are children playing on concrete playgrounds in the midst of trash heaps - kind of puts things in real perspective about what are the really important things in life). Yacking to people trying desperately to get back to Manhattan I ended up spending about another 25 minutes driving all about the place. Finally get to some other bridge. Back into Manhattan (after paying yet another $3.50 toll) - finally find a parking place - around 6:40 now with all the traffic. Walk to the building, ask the security guy and of course it is over. Oh well. What I heard LSI say would not have changed my opinion on the company. I really though wanted to see what other investors saw that was long term negative. I don't fret the n/t earnings shortfall. --- My contention is LSI is entering a long term up-leg - if the market wants to believe this or not is not my concern. The market is pavlovian in its instincts - once a company fails to deliver it expects it to fail to deliver ad infinitum. Give me time Mr. Market and I will continue to crush you like the little weenie beanie non-well-endowed dog that you really are. :-] --- Short term it would be interesting to see how the market reacts to AMAT - they are strong, industry is in dire straits - no 2 ways about it - black hole right now with no exit in sight. --- Since I usually never have enough cash and after all my proselytizing on this thread I never end up buying when the stock is acting weak, this time I sold parts of 2 other holdings and am keeping a cash "reserve" for LSI. --- Shane (who hates Yahoo maps - 2 out of 2 times now unmitigated disasters, NY is a wonderful kaleidoscope of humanity, but don't ever bring your car to the Wall Street area unless you are filthy rich and or powerful, in any case traffic sucks, pedestrians pay no attention to cars, at home I worry about running over scurrying squirrels - in the Wall Street area I was worried about scurrying humans, take the bus and train next time...) Live and learn man, live and learn...