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

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

LRCX 159.33

-1.8%

Nov 7 9:30 AM EST

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To: etchmeister who wrote (5595)	1/18/2007 8:11:35 PM
From: Kirk ©	Read Replies (2) of 5867

If anyone doubts the markets are either fixed or run by idiots, I offer the following that came in the daily Schwab summary of stocks. q1.schwab.com SAN FRANCISCO, Jan 17 (Reuters) - Lam Research Corp. expects profit for its third fiscal quarter to be between $1.03 and $1.07 per share, Chief Executive Stephen Newberry said on Wednesday. Revenue for the company, which supplies tools for making microchips, would be between $635 million and $650 million, Newberry told analysts on a conference call. Analysts had been looking for Lam to earn $1.14 per share on revenue of $638 million, according to the average forecast on Reuters Estimates. REUTERS Not a peep about how the June quarter is supposed to recover the shortfall AND MORE with a 25% gain. Guidance for the March quarter is as follows: I expect shipments for the first half to be up 5% to 10% over the second-half of calendar year 2006. Specifically in March, due to requested customer rescheduled delivery push outs, I expect March quarter to be down 5% to 7% and the June quarter to be up 25% to 30% over March. Revenue in March will be between $635 million and $650 million at approximately 50% gross margin and operating profit will be approximately 28%. Earnings per share will be $1.03 to $1.07 with an assumption of 22% tax and 144.5 million shares. Now if they said this was a leek in the dike that would become a flood of order push-outs that eventually cancel, then they might have some credibility, but 2008 and 2009 are supposed to be huge up years for chip shipments... so they will need tools to build them. duh.. fracking... duhhh... Oh well, I sold some shares at a higher price ($49.91 and $56.25 in my newsletter) so I can buy back if we hold out down here long enough or really get a fat pitch... But it blows me away... how much is Apple expected to earn this year, eh? Not even $3 and it is selling for twice the price!

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