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

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

LRCX 151.19

+6.0%

11:57 AM EST

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To: FJB who wrote (4038)	3/20/2000 12:24:00 PM
From: Proud_Infidel	Read Replies (1) of 5867

"The growth of semiconductors is well beyond what anyone can imagine" siliconinvestor.com The last time James Glickenhaus of Glickenhaus & Co. appeared in this column, he was bullish on the companies that were building the Internet's infrastructure and were the "bricks and mortar" of the Internet. Well, little has changed. Glickenhaus is still bullish on the Internet infrastructure theme and he still favors the following names, which include: Micron Technology (MU 113 3/8), Intel (INTC 125), Altera (ALTR 86) and Texas Instruments (TXN 160). "These companies will provide the infrastructure for whatever this technological revolution will bring," he says. "The growth of semiconductors is well beyond what anyone can imagine. The use of these devices is beyond comprehension. There is more DRAM in a Ford Taurus than there was in the vehicle that went to the moon... I don't think people understand how big this market can actually become." Glickenhaus notes that semiconductors companies will enable third-generation cell phones with sporting events, stock quotes and Internet services. "The stocks of these semiconductor companies (as mentioned above), have made huge moves," he says, "the growth is still there and that is why I still like these companies." "I think analysts are wrong now and earnings will be well beyond what they think" Glickenhaus adds that all Internet companies will use semiconductors. "One hundred years ago, you would have wanted to own Standard Oil and U.S. Steel. Those are the companies that have built the last industrial revolution. The semiconductor companies are building the next industrial revolution. If you think that semiconductors are the infrastructure of the technological revolution, you want to own them and not be scared because of the level they are at. The use of semiconductors will continue to expand."

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