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

To: E_K_S who wrote (18548)	5/24/1999 7:18:00 PM
From: John Miz	Read Replies (1) \| Respond to of 25814

To the thread. Gruntal research summary. I am guessing you have all seen or heard about it by now. But thought I would post it for those who have not. Currently no position in LSI, but thinking about it very strongly...Anyway...here's the summary... LSI Logic (LSI-Strong Buy-$40 5/8) Investor Suitability: Aggressive Growth On May 18, LSI Logic hosted an upbeat analyst meeting. Management indicated a broad-based pickup in demand encompassing all regions, especially in Asia. In addition, order trends in Japan appear to be improving with recovery likely in the second half of 1999. Strong order momentum with growing lead times is continuing. Bookings are currently running at over $2 billion for 1999, which is slightly ahead of prior guidance and approximates our 1999 estimate of $2.13 billion. Management emphasized that the industry is at the beginning of a multiyear recovery, fueled by the mass migration to the Internet and restrained capital spending in the past few years. Internet expansion demands higher bandwidth requirements, a specialty of LSI. Based on yesterday's upbeat presentation, we believe that the current quarter is on track to reach our $0.20 EPS estimate. We reiterate our Strong Buy rating for aggressive growth investors. LSI stock currently trades at 22.9 times our 2000 EPS estimate of $1.75, close to the company's historical growth rate of 20.0%. We derive our $50 price target by applying a 28.4 multiple to our 2000 EPS estimate. Mona Eraiba

To: E_K_S who wrote (18548)	5/24/1999 7:51:00 PM
From: patrick tang	Read Replies (1) \| Respond to of 25814

Is that another way for Dataquest to say 'forget about DRAM stocks until well into '00' if 'shortage starting late 2000'? <g> I don't think the DRAM guys are going to see any upturn this time around - the three big WWF guys all are rapidly ramping new fabs and upgrading many many old ones. Everybody are fully 'armed to the teeth' with 0.18um process equipment. I don't think this DRAM thing is going to get resolved until we go past the 0.18um generation. patrick