LRCX this one looks good Message Board

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Technology Stocks : LRCX this one looks good

LRCX 157.46

-2.2%

Oct 31 9:30 AM EDT

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To: Phuong Vu who wrote (110)	2/29/1996 7:47:00 AM
From: J.M. Wong	of 142

Mr. Sam's data seem quite strong to me. Given that the semiconductor equipment industry just announced last week that their book-to-bill ratio as a whole is in the 1.2 range, the facts as they stand right now seem to lend weight to Mr. Sam's suggestions. The fact that LRCX and AMAT specifically are both booked solid through at least the next two quarters is further evidence. Finally, semiconductor equipment companies, unlike semiconductor manufacturing companies are unit-driven, not price-driven. That is, as long as the absolute number of semiconductor chips sold goes up, equipment companies will continue to do well. I don't think anyone believes the number of semiconductor chips sold will decrease anytime soon. Additionally, LRCX is very close to a strong support level right now. The chart looks ready to turn. J.M. Wong

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