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

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

LRCX 143.23

-2.9%

3:59 PM EST

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To: Proud_Infidel who wrote (3359)	9/21/1999 11:22:00 PM
From: Jong Hyun Yoo	Read Replies (2) of 5867

Another comment from smithbarney on recent BTB ratio: The book to bill remains above 1, which is healthy sign of business condition. I expect LAM to achieve a little higher BTB figure from the average value due to market share gain in the etch business and new product momentum in the CMP segment. --SUMMARY:----Semiconductor Equipment Aug. total equip. book-to-bill came in at 1.08, down from July's 1.11 and June's 1.21. Sequentially total bookings down 3% with shipments flat. Front-end b-to-b 1.04 from 1.06 (July). Orders down 3%, shipments down 1%. Back-end b-to-b 1.21 from 1.28 (July). Orders down 3%, shipments up 3%. Due to higher than expected revisions in the July data, front-end bookings declined 3% vs. our flat-to-slightly up expectations (July f-e bookings revised up 5%). Back-end book-to-bill inline with our expectations for a figure around 1.20. We see the top four equipment stocks (AMAT,KLAC,LRCX,NVLS) to keep gradually trading upwards in their trading ranges over the next 6-12 mos.

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