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To: E. Graphs who wrote (13711)	7/20/1998 9:07:00 PM
From: BWAC	Read Replies (1) \| Respond to of 25814

Early week selling I am not convinced that someone "knows" something about earnings. The selling started late last week which is in my opinion a little early for something earnings related. These things usually happen just a day or two before the earnings date. Not a week. LSI will probably rebound to 23 1/2 level before Thursday's news. It would be prudent to sell covered calls or lighten up some if it rebounds above 23. Although I am concerned about how the selling drove it down to 22 eased off into a rise and then drove it back down to 21 1/2 and eased off again. Someone must be working off a large position. The real selling started around 22 today. I was watching the trades as they went off and it was a fast flurry of small orders that went at 22 exactly. Almost like the stop loss orders were hit. Other thoughts?

To: E. Graphs who wrote (13711)	7/20/1998 10:40:00 PM
From: thomas hayden	Read Replies (1) \| Respond to of 25814

Ms. Graphs, you are right we are definately trying to fill the gap caused by the Kurlak upgrade. I hope the early June low of about 21 1/4 to 21 1/2 (I can't tell exactly on my chart) holds. If so we have created a triple bottom dating back to March, June and now. If that holds I think we will be alright, otherwise the next support is a retest of the 52 - week low. Unfortunately we have plunged through an up trend line and the force of which we have been selling off the last couple of days is unsettling. The last several days the trading pattern has been basically 10,000 for sale on the offering as a constant, and I dare you to put up a bid, the size doesn't matter, just give whoever a chance to hit it. I hate to say it, but it doesn't look like the 21 1/2 support will hold. Both the weekly and daily stochastics are both in down trends. We are due for an up day just because we have shaved off 15% in a couple of days but it looks like we are heading down. Don't know what to say except that if you really believe in this company I believe you will get a good buying opportunity next week. I'm mad at myself for not writing covered calls last week, I knew better. I find it interesting that before the last earnings report we ran up and LSI came up a penny shy. For this earnings report we are selling off big time. Ummmm. Someone doesn't want to take chances this time.

To: E. Graphs who wrote (13711)	7/21/1998 1:03:00 AM
From: Andy M.	Read Replies (1) \| Respond to of 25814

E, Did BBRC beat eanrings expectations? Do you think some of the selling right before earnings was proft taking on the run-up of the past few months? It's hard to believe true info has leaked out on LSI. There has been almst no company-specific bad news on this one for a while, except for some stuff about competition and the general sector stuff (hmmm, maybe that's enough?), and the last words from Wilf were really positive. If LSI tanks further, it'll be the second time I've lost a huge (for me) margin bet with LSI in the past year ( I also have a long term position). This stock is starting to feel like a bad habit. Sun's good results on its workstations should bode well for LSI's computer business, though. In a strange and insidious way, LSI is making me feel like a system on a chip. Not a good feeling. Andy