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 222.17

+2.2%

3:49 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kirk © who wrote (5291)	4/29/2005 1:03:35 PM
From: Cary Salsberg	Read Replies (1) of 5867

RE: "... I sold a few shares at $30... but I really didn't expect it to return to under $25 again..." I don't understand how you can have any real expectations. There are uncertainties in the geopolitical situation and the macroeconomic situation. The semiconductor industry doesn't have the traditional cycles and the market has not come up with any model for industry valuations. The analyst community is working one quarter at a time and has no clue about what a quarterly up or down move means. The old price to book ratios that marked cycle bottoms are not useful any more because there is no reliable cycle peak anywhere on the horizon. Is the industry cyclical, growth, or cyclical growth? Are some companies cyclical and others growth? Will consolidation eliminate many smaller players and some bigger ones? Why do I persist on investing in these companies? Feel free to present answers to any or all questions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next