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To: Tony D. who wrote (12349)	5/13/1998 12:27:00 PM
From: DavidG	Respond to of 25814

Tony and Michael, Thanks for your time and effort. Deeply appreciated. In fact I just got back into LSI this morning on your input... the kind that I was looking for. I find it more candid and genuine than any analyst. BTW, don't feel guilty if LSI goes down a little more, I use other info to make my investment decisions.<g> Thanks again DavidG

To: Tony D. who wrote (12349)	5/13/1998 5:53:00 PM
From: Wolf 2	Read Replies (1) \| Respond to of 25814

Tony D.: Excellent! Thanks for adding a few more 'nuances' to Michael D.'s earlier report. BTW, I certainly did not mean to imply that Michael's report was, in any way, deficient...quite the contrary, in fact. However, starved as we are for every tidbit of good news and because everyone attending any event comes away with a somewhat different perspective (shading, if you will) based on exactly the same facts, I only wanted to adduce the most complete picture possible. Now, with your added commentary, I can almost smell the hors d'oeuvres, undoubtedly served at the break<ggg> Regards, Wolf

To: Tony D. who wrote (12349)	5/15/1998 4:04:00 AM
From: Duane L. Olson	Read Replies (1) \| Respond to of 25814

Tony.. My thanks as well. The Wizard should appreciate your explanation of why margins have not improved despite the fact that fabs are nearing capacity. Your report: "He was asked why their revenues (earnings) were down with the fab's nearing capacity as compared to last year with the fab's at 75%. He responded that the work currently in the fab's was booked last year at lower rates (margins) just to keep them operating. He agreed that one does not normally want to book low margin business but they took what they had to. He feels that this "keep busy" work would soon make it through the cycle leaving room for higher margin work." This really pleased me to know, as the Wiz and I could not account for the lack of profits the last couple of quarters if the fabs were running near full out. If those contracts are coming to an end, truly, stand back! -- the guesses about next year's earnings could be very much on the low side, IMHO. Thanks again for adding to Michael's excellent reports.. TSO