To all Lam investors,
I talked to Lam investor relations today and they still very possitive about their business, in the matter of fact, they say that the earnings not only looks good the comming quater but also looking good for the next quater. They say that all the orders are already in the pipe and its just Wall Street think that all the equipment makers will be affected in the 1997 therefore, all the downgrade!
Lam's 1997 earnings has been cut to $5.00. When the investors relation ask why is $5.00? the analyst's answer is " because we astimate $4.70 in 1996, and figures a little gain in1997 and $5.00 seems like a nice rounded number",(not the exact words Lam told me but something like that) what a joke!!!
Since the general view in Wall Street is that the sime's is in its down turn, and nobody know how long and how deep it will go, therefore, even the equipment makers report very good earnings like LRCX, AMAT, NVLS... etc Their stock may stay low for at least one to two quaters, what a sad thing! We may see further down on price because the BTB ratio.
Best luck to all! |
