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

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

LRCX 150.32

+5.4%

Nov 24 3:59 PM EST

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To: Kirk © who wrote (4793)	4/30/2002 3:31:11 PM
From: Proud_Infidel	Read Replies (2) of 5867

Early in the Q to be reiterating anything......good sign for the industry..... Lam Research CFO backs targets By Chris Kraeuter, CBS.MarketWatch.com Last Update: 3:26 PM ET April 30, 2002 SAN FRANCISCO (CBS.MW) -- Lam Research's chief financial officer reiterated on Tuesday the company's expectations of continuing momentum supporting new orders for semiconductor-manufacturing equipment. Mercedes Johnson said purchases of leading-edge gear such as for the 130 nanometer and 300 mm classes of chip-making remain strong. This new technology allows chipmakers to manufacture better-conducting semiconductors for less money. Johnson spoke at Merrill Lynch's Hardware Heaven Technology Conference in San Francisco. Recently, shares of Lam Research (LRCX: news, chart, profile) were 3.3 percent higher at $25.86. Johnson said acceptance times for equipment have been declining due to a program implemented after the adoption of an accounting rule that alters how revenue is treated on a company's balance sheet. In certain situations, the changes create lags between when a company ships a product and when such a shipment is actually booked as revenue.

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