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

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

LRCX 171.08

-1.6%

3:59 PM EST

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To: All Mtn Ski who wrote (5327)	6/9/2005 11:35:14 PM
From: etchmeister	Read Replies (2) of 5867

In fact, silicon foundry giant Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) has spent 47 percent of its capital expenditure target in the first quarter, he said. McClean is talking about billings; all the pundits are telling us that that chipmakers don't "spend" until u-rates hit 90% range and here is TSMC blowing 47% of the capex in Q1 2005 - Q1 2005 was the weakest quarter for TSMC in regards to u-rates (78% I believe). Just today TSMC "bumped up" the projections for u-rates in Q2 2005. Not sure why he's "drilling" on billings as they just reflect Gottfried's booking chart with a time delay. Otherwise he should define the term "spend" but before you spend you need to book. Billings will continue to look bleak at least another quarter or two. home.comcast.net

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