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

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

LRCX 148.32

-3.3%

Nov 14 9:30 AM EST

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To: Proud_Infidel who wrote (3911)	1/21/2000 5:32:00 PM
From: Jong Hyun Yoo	Read Replies (4) of 5867

First Credit raise LRCX target to $190.. Lam Research (LRCX, $143.06, BUY) Target (12 Months): $190 Record Operating Margins As Efficiencies Build Order Upturn Hasn't Missed Lam - Q2 bookings of roughly $350MM grew 25% sequentially, paced by record orders in Japan and a strong U.S. showing. Double-digit sequential gains are possible through Q4. Top Line Modestly Ahead Of Expectations; Momentum To Continue In The Current Quarter - Extended lead times will necessitate a vigorous Q3 revenue ramp comparable to the strong $47MM sequential uptick in Q2. Excellent Margin Performance - Operating efficiencies were evident as Lam posted record operating margins of 16.4%. Look for at least 100-basis-point gains over the next two quarters. Annual EPS 06/01E $4.75 06/00E 3.85 06/99A (1.43)

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