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

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

LRCX 139.60

-6.2%

Nov 20 3:59 PM EST

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To: Dale Stempson who wrote (4290)	8/10/2000 11:33:49 AM
From: Donald Wennerstrom	Read Replies (2) of 5867

Well, it looks like it is going to be a long August based on the stellar results and great forward prognostications from AMAT yesterday, and the tepid market reaction today. Looks like it is going to take awhile for the sector to get moving again. I have seen articles, heard audio reports like Fitzgeralds of yesterday, and comments from other investors who are convinced the semi cycle is over for now. Even though the facts don't support this view, it doesn't matter - the sector is dead for the moment. I always thought logic would carry the day, but obviously, this is not the case in the stock market. I found the following "flash" on AMAT this morning, but it has done nothing for AMAT's price which is down 3/8 at the moment. <<The following is being issued by Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: Sue Billat, Semiconductor Equipment/Foundries "Applied reported earnings-per-share of $0.70, ahead of the Street's expectation for $0.68," said Billat. "The sequential bookings increase of 12 percent is consistent with our view that the front-end capital equipment sector continues to grow at a steady pace. We are raising our fourth fiscal quarter estimates to reflect our outlook for a stronger and more enduring upturn. Accordingly, we reiterate our Strong Buy rating." >> Don W.

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