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

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

LRCX 178.07

+0.4%

Dec 26 9:30 AM EST

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To: Kirk © who wrote (5380)	10/13/2005 8:10:42 AM
From: Proud_Infidel	Read Replies (1) of 5867

From sixty2nds of the "W" thread: 07:40 LRCX Lam Research: Cyclical turn occurs, stock should push through key resistance at $32 - JP Morgan (30.20 ) -Update- JP Morgan notes that LRCX was the third major equipment co to report or indicate a C3Q05 positive bookings surprise, marking a cyclical upturn for the industry. ASML reported new unit bookings upside surprise and Tokyo Electron management indicated chipmaking orders grew 19% QoQ. Now that there is tangible evidence that orders are turning up, they believe large/mid-cap front-end equipment stocks can push through tough resistance at the March/July highs and likely outperform chip stocks through year end. Firm says upside cyclical sustainability and magnitude are unknown, but utilization rates are high, there is need for advanced capacity, and one/two-quarter cycles are rare. Reits Overweight and Focus List status on LRCX.

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