Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: S. maltophilia who wrote (16746)	1/29/1999 10:27:00 AM
From: NW Bronco Fan	Read Replies (1) \| Respond to of 25814

re: It's been a great run from 11. Time to lighten up, IMO. Agree with you there. Just sold what I had at $26.5 Picked these shares up at $23 9 months ago and it's been a nightmare ever since.

To: S. maltophilia who wrote (16746)	1/29/1999 10:28:00 AM
From: ejsdad	Respond to of 25814

Prudential lifts price target on LSI to $37 from $30 this morning. Earlier this week they raised the rating from hold to strong buy. From the report: Outlook and Valuation LSI has definitely turned the corner and management is guiding for topline growth entering 1999. Demand is picking up, the corporate restructuring is a success, the capacity is available, and the product momentum and end-market focus is evident. At this early stage of the upturn in the semiconductor cycle, we believe LSI stock is a must-buy and should be a core holding for investors that want to play the recovery. We are raising our price target for LSI to $37 from $30, based on a 22 multiple to our $1.70 2000 earnings estimate. This is very reasonable given the early stage of the semiconductor cycle and the fact that our $1.70 includes a $0.20 impact due to goodwill. We reiterate our Strong Buy rating on LSI.