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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 144.92-1.7%2:40 PM EST
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To: Kirk © who wrote (9824)5/18/2001 11:48:51 AM
From: WTSherman  Read Replies (1) of 10921
 
<Hard to imagine it getting much cheaper unless they don't cut expenses and lose money even faster. <

Here's their latest quarterly report. Most of the loss was a write down, so cash largely remained intact. They've been whacked by the huge cutbacks in wireless infrastructure spending, but, that won't last forever.

Bottom line is that somebody could buy these guys out @ $25 and be getting the company for less than 2x sales(after you subtract out the cash and pay off the minimal debt). That's an amazingly cheap price for a company in this field. After all, its not like wireless is going to do anything but, expand. It may take another year for the satelite launch schedules to get back on track, but, its inevitable.

biz.yahoo.com
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