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

To: Moonray who wrote (16573)	1/25/1999 2:48:00 PM
From: Helen Oliver	Respond to of 25814

1/25/99 2:19 pm... LSI LOGIC (LSI 22-7/8) UP 1-5/8, PRUDENTIAL UPGRADES TO STRONG BUY FROM HOLD... nalyst Hans Mosesmann tells salesforce recent meeting with mgmt has reinforced his optimism that semiconductor group is at or near cyclical bottom with pick-up projected for late '99... Says several non-PC oriented semiconductor cos. have already reported solid earnings for Dec. quarter, expects LSI to do so as well... Adds fab utilization rates, which had concerned him in past, may be bottoming as co. has been able to smoothly integrate Symbios acquisition... Believes co. will meet or exceed his $0.05 loss estimate with positive forward guidance from mgmt... Has $30 target/J.Freund

To: Moonray who wrote (16573)	1/25/1999 4:30:00 PM
From: Sparky65	Read Replies (1) \| Respond to of 25814

I agree if $30 is it, that is not much. However, I believe that the analyst has to play it a little safe. Personally, based on what some of the other big chip companies PE's are, I think that we will see $30 in the next month if earnings are decent and $40 by summer. Fundamentals look to strong not to go their.