I hear that LSI was upgrd to $100 is this an old news ?|
From today's MorganStanley DeanWitter report:
Our target price of $100 per share
assumes the stock can trade at a premium to the S&P
...We expect LSI?s multiple to expand as
investors become more comfortable with the company?s end
market exposure and strong earnings momentum story.
customer base is focused on adding value to networking,
broadband communications, computer, and digital consumer
products. They use LSI?s ASICs and ASSPs to provide the
necessary product performance and differentiation. In
support of the Internet, LSI?s ASICs and ASSPs are used in
settop boxes, routers, switches, DSL equipment, storage
systems, high-speed input/output devices, servers, and many
other types of networking hardware.
...We believe many of LSI?s ASSPs
set price/performance standards for the industry, and may
also be available as cores for higher-level integration by
LSI?s ASIC customers.