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

To: Jock Hutchinson who wrote (13914)	7/27/1998 4:59:00 PM
From: Hightechhooper	Read Replies (3) \| Respond to of 25814

Jocko, I am glad you feel good about your very long term investment. As I have said, every coin has two sides and you are only looking at one. Side #2 is face up now and probability suggests side #1 will have to show up sooner or later. I say that won't happen in a consistent way until earnings can show improvement and that won't be until mid 99 at best IMO. A bump up in price could happen at any time in this mother of all bull markets, but sell into it because it won't hold in this industry setting, made worse by a slowing world economy. For LSI, Q4 has the potential for disaster in terms of eps. Again, I don't know what that means for the stock price given current levels. BTW, I believe you have misunderstood several key facts from the past two conf calls, because you continue to hear with your heart and not with your ears. If you think Wilf said eps would be up in Q4 I suggest you call LSI IR and have them confirm it for you. If they refuse to comment, then you know you misunderstood. If they do confirm that statement, I will admit I am the one that didn't listen carefully. Just report what you find back here, I know you would not purposely mislead the poor souls reading this thread.

To: Jock Hutchinson who wrote (13914)	7/27/1998 6:19:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 25814

Jock, your long post, 13914, makes a whole lot of sense (I'm talking about the LSI fundamentals part, not taking any sides in the one on one, you know what I mean). So why does LSI continue to get no respect? As you point out, they have continued to make decent profits, without revenues caving, spend on R&D a percentage of revenues that's way high, got new products out thanks to the R&D, and yet we languish. Intel has not done any better than LSI, fundamentally, and yet, today it's stock broke through a major resistance level ($85) and is at 85% of its all time high. Thank lucky stars for owning INTC. Maybe LSI's problem is that they are a small-mid cap stock, which group has gotten at various (most) times in this bull market, not much respect at all. Today is a perfect microcosm example (of many, many there have been like it): DOW up 1.0%. S&P 100 up 1.0%, but S&P 500 up 0.6%, Russell 1000 up 0.4%, Russell 2000 DOWN 1.2%, Russell 3000 up 0.3%. Small to mid caps, as a group, just haven't kept up with the big guys. Another example...one day about two weeks ago, I think it was something like 70% of the Nasdaq rise for the day was due to four stocks: MSFT, DELL, CSCO and another I forget. Unless this paradigm busts, I think we're all better off in the big stocks. Apologize for the very minimal research in getting to this conclusion here, but I have noticed this for quite a while, and have also heard analysts I respect (there are some good ones) say just this about the low-mid caps vs. the big caps. Looks to be true in this market. LSI and its stockholders could be beating their heads against something that just isn't going away. Tony