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

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

LRCX 156.00

+0.6%

Nov 28 9:30 AM EST

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To: Jong Hyun Yoo who wrote (4977)	4/15/2004 10:11:54 AM
From: Proud_Infidel	Read Replies (2) of 5867

Lam down 2.5%....Not quite the reaction I expected this morning. FWIW: From Briefing.com: 7:26AM LRCX upgraded after strong MarQ at WR Hambrecht 26.82: WR Hambrecht upgrades Lam Research to Buy from Hold and raises its target to $30 from $26 after the co reported a strong MarQ last night. As demand for etch equipment leads other process tools in a cyclical upturn, bookings of $350 mln were up 30% this quarter and guidance calls for another 10%-15% increase in JunQ. Gross margins improved by 80bp and are estimated to improve by more than a point next quarter, with further improvement to 49% in FY:05. Higher margins and accelerating revenue growth lead the firm to increase its FY:04 and FY:05 EPS estimates to $0.49 and $1.63 (from $0.43 and $1.40).

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