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


To: Ian@SI who wrote (15991)11/15/1998 10:31:00 AM
From: E_K_S  Read Replies (1) | Respond to of 25814
 
Thank's Ian...that was very interesting especially the punchline:

"...When Lynn Turner arrived at the SEC this summer, he had just previously been the chief financial officer of a recently acquired chipmaker called Symbios..."

It appears that Turner is skeptical about management's estimates in general, especially if they are estimates of estimates.

I am still bullish for LSI over the next few years. This article does make it clear that the true picture of "operating" profits after a purchase can be skewed significantly by creative accounting.

EKS