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

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

LRCX 151.92

+1.1%

3:59 PM EST

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To: All Mtn Ski who wrote (4940)	1/23/2004 4:25:33 PM
From: BWAC	Read Replies (1) of 5867

<The market isn't obeying history either, usually during a trough for the semi-equip cycle they get down to 1X-1.5X book and sales and they never got that low this past time> I've thought about that. And I attribute it greatly to how these companies moved more aggressively to control costs this time, and efforts to maintain operating earnings within sight of breakeven.

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