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

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

LRCX 159.13

-4.4%

Nov 11 3:59 PM EST

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To: etchmeister who wrote (5501)	6/27/2006 10:22:50 AM
From: Proud_Infidel	Read Replies (1) of 5867

09:10 LRCX Lam Research: Upgrade details (43.84 ) As mentioned at 6:31, UBS upgraded LRCX to Buy from Neutral and raised their tgt to $60 from $50 saying that MU will likely order $60-65 mln/fab worth of co's dielectric etchers over the next 18 months at each of its 3 new 300mm copper fabs. Firm's industry research suggests LCRX's dielectric etchers market share at MU likely grows from 20% currently to 35% given an improved position in critical applications such as via and trench. Firm expects LCRX to receive $47 mln per fab in incremental sales from MU with dielectric etchers up $46 mln, silicon ethcers up $8 mln, metal etchers down $12 mln and new cleans products up $5mln. Given the likely higher sales to MU, firm raises their Y07 EPS estimates to $3.30 from $2.74.

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