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: DavidG who wrote (13291)	6/29/1998 3:53:00 PM
From: Hightechhooper	Respond to of 25814

David, First, I never said the deal was bad, I said it was not very good...there is a big difference between the two What else can I say? You have strong (albeit wrong) beliefs and you will make all data fit those beliefs no matter what. I have no interest or desire in convincing you or anyone else of anything. For your own benefit, however, I suggest you do a little more studying on the industry and basic finance if you are going to make your investment decision based on fundamentals. After that perhaps we can debate the issues in a little less emotional way. I wish you luck with your october options...although you refuse to believe it, if you win I win!

To: DavidG who wrote (13291)	6/30/1998 1:10:00 PM
From: Hightechhooper	Respond to of 25814

DavidG, Regarding <<First of all, if S&P kept LSI as a hold this should not be construed as negative but positive. Usually the acquirer of a company is put on watch and/or hit for a certain % by that market...neither happened. Besides I did not see or hear this anywhere, how about sharing the URL so we all can read contents.>> 6/29/98 10:35 am...STILL HOLD LSI LOGIC (LSI 24***) AS AGREES TO ACQUIRE SYMBIOS FOR $760 MILLION..At 1.2x Symbios' $620 million in '97 sales, view price as fair...Last Feb. Symbios had agreed to be acquired by Adaptec for $775 million, but deal fell through on regulatory issues...do not see same issues impeding this transaction, which slated to close in Q3...Acquisition will expand LSI's presence in high -end computing and storage markets...co. expects deal to be accretive to '99 EPS, but maintaining our estimates for now as await more info...Shares fairly valued at 15x $1.60 '99 estimate. This information is provided by Standard and Poor's MarketScope. David you know this is proprietary information and is not accessible with a generic url so I hope you appreciate it. For the record, S&P hated LSI BEFORE the debactle of last year and they obviously hate them even more now....15 times 1999 earnings is a fricken joke.