Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tek Trader who wrote (12801)	6/3/1998 8:09:00 PM
From: shane forbes	Respond to of 25814

(LSI will recover by August and the sector definitely will show strength by the fall. LSI [w/o PC exposure] will be one of the first to turn if they produce decent revenue growth this q and says things are going fine.) Re: What is so special about LSI in August? Suspect that whereas in Feb semis went up in anticipation of things are not going to be so bad and then the March earnings warnings sent everyone into a tail spin, this time everyone is doing the opposite and jumping off to not get scathed. While this is justified for some of the semis they have definitely overdone it with some others. This means (I think) that come July, esp. for a company like LSI, things will not be as bad as the market is indicating in general and after some i/t trepidation we will get a big-time rally. Depending on how the stocks go we may have to wait until post FOMC july thing (non-event to me). Uncertainty has led to a buyer's strike as someone has posted. However as I said a couple of days ago there has been a lot of destruction even though the indices have not shown as great a decline as one would have expected (the big cap effect). At the first sign of a lessening of deteriorating conditions the stocks will surge (most went down on very low volume - so not many sellers in the drop off area). Shane (n/t depends on INTC warning or not, then next event is how much recovery in June - ideally I would not like an INTC warning and some consolidation for the sector in June.)