To: uu who wrote (14203 ) 8/13/1998 7:56:00 PM From: Jock Hutchinson Respond to
Addi: I have no problem understanding why LSI is getting killed. Although I have disagreed with K's facts, I certainly can understand her premises. LSI has the additional short-term uncertainty of two enormous potential bugaboos-the new fab and the purchase of Symbios. There is however, an emerging sentiment that the worst is over in the semi market in general and the DRAM market specifically. For example, the following links provide an excellent analysis by Lehman's Michael Gumport, whom I happen to like simply because his reports tend to be more publicly available than other analysts. www3.techstocks.com if you consider history to have only lasted the past ten years. Semis were a horrible performer during the early eighties, and people my age remember this as one market you wanted to avoid at all costs if you interested in more than just a short-term trade. www3.techstocks.com www3.techstocks.com NationsBanc Montgomery Securities analyst Jonathan Joseph is possible beginnings of a turnaround. When you add in the further uncertainties of the fab costs and the Symbios purchase, then LSI as a short term buy in this already uncertain market doesn't look that promising-unless of course you want the prospect of truly superior two year returns, in which case you join me in the "love struck" category.
