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

To: BWAC who wrote (14514)	8/23/1998 8:26:00 PM
From: Lockhart	Read Replies (1) \| Respond to of 25814

Good information but...to get to your numbers you would have to throw out $5.50 per share...this amount is not gone...just exchanged for another asset. The old and the new have the same value. ie: Old minus $5.50 per share plus what was purchased for $5.50 per share. The wild card is how much of what was purchased will be classified as intangible.

To: BWAC who wrote (14514)	8/24/1998 8:44:00 PM
From: Richard H.	Read Replies (2) \| Respond to of 25814

Re: Thoughts on value. IMO the $9.50 value you refer to represents the "old LSI" minus the $760 million in cash. I don't think the old LSI could be valued at $9.50 if it still had that cash which would be invested and earning interest. Share price now seems to reflect analysts estimate of 1998 annual earnings of .80 +/- and a PE of 19 to 20 which applies to the lower half of the S&P 500 group. Most investors and analysts probably don't have a solid handle on the financial performance of Symbios and are not yet comfortable with adding in future earnings. Maybe this creates the opportunity? I'm very interested at these levels. Thanks for your posts.