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Technology Stocks : Cymer (CYMI)

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To: Curlton Latts who wrote (24045)1/20/2000 10:06:00 PM
From: Darryl Olson  Read Replies (1) of 25960
 
Lam crushes earnings estimates.

Lam Research rolls past 2Q estimates

By Larry Barrett ZDII


Semiconductor-equipment maker Lam Research Corp.
(Nasdaq: LRCX) blew away analysts' estimates in its
second quarter Thursday, earning $43.1 million, or 98
cents a share, on sales of $288.6 million.

First Call consensus expected Lam Research to earn
72 cents a share in the quarter.

Its shares closed up 6 11/16 to a 52-week high of 143
1/16 ahead of the earnings report.

The $288.6 million in sales marks a stunning 103
percent improvement from the year-ago quarter when it
posted a loss of $82.8 million, or $2.16 a share, on
sales of $141.9 million.

Including a one-time charge of $7.5 million for research
and development technology purchased from Oliver
Design Inc. in the quarter, Lam Research pocketed
$36.7 million, or 83 cents a share.
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