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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

LRCX 233.46

-5.9%

Jan 30 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Donald Wennerstrom who wrote (5036)	7/22/2004 10:07:29 AM
From: Proud_Infidel	Read Replies (2) of 5867

Our "friend" Fitz raised his target for Lam, so earnings MUST have been good.... Lam Research jumps 16 percent after earnings Thursday July 22, 10:00 am ET SAN FRANCISCO, July 22 (Reuters) - Lam Research Corp. (NasdaqNM:LRCX - News) shares jumped more than 16 percent on Thursday, a day after the maker of semiconductor production equipment said quarterly earnings more than doubled. Banc of America Securities raised its investment rating on Lam Research to "buy," citing stronger revenue growth, the company's decision to exit a silicon wafer polishing business, and the reduction in share count from paying back a bond. Analyst Mark FitzGerald set a $30.70 price target on the shares. Lam stock rose $3.29, or 16.7 percent, to $23.09 on Nasdaq in morning trading. Meanwhile, shares of Lam rival Applied Materials Inc. (NasdaqNM:AMAT - News) rose 30 cents, or 1.8 percent, to $16.92.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next