LRCX this one looks good Message Board

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Technology Stocks : LRCX this one looks good

LRCX 155.79

-3.4%

Nov 4 3:59 PM EST

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To: Jim Tao who wrote (11)	1/20/1996 12:59:00 AM
From: Carl Smith	of 142

Jim, I agree with you. After reading their 2nd quarter results, at the close of trade today I purchased more Lam. The tech sector bust over the last three months has created a bonanza of buying opportunities but I don't see any with more potential than Lam. The downside risk, I believe, is non-existent at this point (knock on wood). The decline of Micron should signal the rise in Lam. Micron's earnings are being halved almost weekly. There are just too many companies vying to be number one in the chip arena. It can only mean one thing more orders for wafer processing equipment. Investing in techs is not for the faint at heart. You have to invest in companies with a history of growth, sound management and a product with an increasing demand. Once you find a company like that you have to hope its selling for a low PE. Lam fits the bill nicely. Its just a matter of time. If the tech sector rebounds next week I strongly believe Lam will be leading the pack up.

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