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

To: getgo234 who wrote (14059)8/5/1998 1:13:00 PM
From: uu  Respond to of 25814
 
Can anyone please explain why LSI is sliding to the dangerous levels this morning? (not that I am not used to this, but still curious!). And yes, yet another buying opportunity!!!

Regards,

Addi Jamshidi



To: getgo234 who wrote (14059)8/5/1998 1:23:00 PM
From: DavidG  Read Replies (1) | Respond to of 25814
 
Getgo,

IMO it is not prudent for a company to buyback their company shares with borrowed money no matter how good the deal is.

Now as far as Symbios is concerned they could have sold shares to buy the symbios company and they did not do it. We were not privy to the details of the agreement but either way LSI chose not to issue new stock and dilute current issues or swap stock to do the acquisition.

DavidG


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