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Strategies & Market Trends : Technical analysis for shorts & longs

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Dec 26 4:00 PM EST

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To: Johnny Canuck who wrote (42715)	10/13/2005 3:43:05 AM
From: Johnny Canuck	Read Replies (1) of 69255

4:21PM Profit, sales slide at Lam Research (LRCX) by Matt Andrejczak SAN FRANCISCO (MarketWatch) -- Lam Research (LRCX) late Wednesday reported net income fell to $49.5 million, or 35 cents a share, compared with $89.8 million, or 64 cents, in the year-earlier period. Revenue slid 24% to $320.9 million. The per-share results beat Wall Street's expectations for a profit of 30 cents, while sales missed analysts forecast of $325 million, according to Thomson First Call. Fremont, Calif.-based Lam Research, the No. 3 U.S. maker of chip equipment, said new orders rose 3% to $326 million -- better than it prior forecast for the order book to be flat to down 5%.

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