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

To: patrick tang who wrote (16965)	2/10/1999 7:45:00 PM
From: Duane L. Olson	Respond to of 25814

Patrick -- to add one or two more thoughts to your comments (and the excellent assessment by Jock: Some time back, I think Moonray or Shane pointed out that LSI was taking a lot of work at no net margin because they had so much excess capacity (between SE Asia and Gresham coming on line); in the current climate, would it be your assessment that LSI need no longer take work on that basis? -- and then, may we assume that we can look for a MAJOR expansion in GM? If I recall someone's comment from VAlue Line, recently, LSI is projected to earn $3.00, average, three years out. If growth were projected to continue at that rate, would a PE of 30 be out of line? Doesn't a price above 50 seem reasonable on that basis? ((If I may support a couple of your recent comments)).. Looks good ahead, if we can get past what may prove to be a very nasty correction (imho). TSO