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%

3:59 PM EST

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To: Proud_Infidel who wrote (5546)	9/30/2006 4:29:16 PM
From: Jong Hyun Yoo	Read Replies (1) of 5867

Checks with my industry contacts suggest possible reduction of order over next 2 Q's. Also some talk of hiring freeze at AMAT and other equipment companies are surfacing. In my opinion, actual magnitude of the booking decline will be tied closely to the general economic slowdown in the US in the winter season. If the chip inventories they are building ahead of the holiday is season is depleted reasonably well, then depth of the downturn will be shallow and we may resume order growth by the early spring of 2007. If there is a glut of chip inventory due to poor consumer spending, reduction in the booking could last longer. I am now becoming more interested in weighing more heavily in this sector for my investment again. I will be using pullbacks in this sector to again build my position. LRCX and NVLS will be the focus of my buying. I will also nibble at AMAT. I don't know much the plateauing in order pattern (or slowdown) has been already discounted in the share price. But I am definitely becoming more interested as time to buy these shares are during the downturn period. Previously LRCX has been my favorite of the sector. However, I am going to focus on NVLS as my top pick for the sector for next upturn. I still like LRCX but I see greater percentage upside for NVLS as it improves on the op ex metrics and gross margin. I would be even more bullish on NVLS if it can just exit the CMP and Strip business and focus on the core business of PVD, CVD, and ECP. I am currently leading a small social investment group at www.investorhives.com. You can join my discussion group (called FilthyRich) if you are interested in discussing the semi-equipment investment ideas. I will visit this thread from time to time. JHY

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