Lam Research (LRCX, NASDAQ): To the Insiders Message Board

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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 156.00

+0.6%

Nov 28 9:30 AM EST

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To: Proud_Infidel who wrote (3201)	8/3/1999 9:42:00 PM
From: Cary Salsberg	Read Replies (1) of 5867

Brian, You posted notes from a Bagley interview in which he said that the upcycle will begin in 2000 and last 3 years. I conclude that the peak earnings will be in 2002 and the peak price will be in 2001. I have seen recent fiscal year 2001 (7/00 - 6/01) estimates in the $3.50 range, so a tentative peak of $5.00 for calendar year 2002 seems reasonable, and so does a peak price of $100 (20PE). Following my sell strategy outlined on the BLOOD thread, I would say that $80-90 in the next 12 months is a reasonable sell target. Cary

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