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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: Jong Hyun Yoo who wrote (3445)10/19/1999 8:02:00 PM
From: Kevin J. Koons  Read Replies (1) of 5867
 
The BT Alex Brown analyst conference call today was more bullish in my view. They strongly endorse Teres in light of TSMC's results, and they are now positive on Exelan. While sticking with their current $.50 forecast, they expect LRCX to exceed this significantly. It is time to buy with confidence, and they expect the P/E multiple to expand to 35X next year. The stock price will be in three figures next year.
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