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

To: John Dowd who wrote (14598)	8/27/1998 1:45:00 PM
From: BWAC	Respond to of 25814

John On Gresham, LSI Investor relations told me it would be delayed until December last week. The IR guy said that they will continue to capitalize costs until then. From an accounting standpoint and earnings standpoint that would be a positive. Since the expenses are added to the plant costs and depreciation will not start until December. This way earnings don't get hit as bad until the plant is up and running. Hopefully it will have sufficient capacity at that time to breakeven. Anybody realize that we were over 24 six weeks ago? Almost a 50% drop! Geez maybe those who went short at 24 would like to buy the company today with their profits.