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

To: sea_biscuit who wrote (17650)	4/2/1999 3:12:00 PM
From: patrick tang	Read Replies (3) \| Respond to of 25814

Re: I think the best buying opportunities are behind us now. I disagree with that. For those whose time frame is 1 yr to 2 yrs out, $30 is a good buy. I will buy again at $30 and expect to double my money over the next year, with a top of $80 to $100 per share in about 1 & 1/2 years out. We are just starting this upturn, it will be a two year ride from here. Not enough capacity at 0.25um, 0.21um, 0.18um and perhaps 0.15um. Expect that 12 inch 0.12um, even at $2.5B/fab, to be overcapacity again when people see how much money can be made in the above under-capacity generations. Time to sell should be about X'mas, 2001. This roller-coaster will never end. We have barely started this upturn. For LSI and other companies like ADI, XLNX, TI etc. who have IPs, we started this upturn of 5+% sequential quarterly growth last Q. For people like NSM, memories boys, their party hasn't begun. This is how early we are in this cycle. It's going to be a long ride, $30 LSI is no problem as a buy. As an example, look at the 7M shares traded on Wed., the 500,000 share block crossed at $28 2 weeks ago that was about $0.75 above market at that time etc. etc. IMHO, I believe those shares were bought by very educated buyers, buyers who already had the chance to see the results of Q1 and the bookings for Q2 up close and personal. patrick