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To: Cynic 2005 who wrote (14056)	2/12/1998 6:00:00 PM
From: Amots	Read Replies (2) of 18056

Mohan. We got LRCX upgrade this morning: <<Lam Research (LRCX) 26 5/16: Sanford Bernstein ups its rating on equipment maker from "market perform" to "outperform".....>> So I can get more puts at better price. And after the close: <<Lam Research (LRCX) 28 1/2 +2 3/16: chip equipment maker is warning that it expects to record a fiscal 3Q charge of $1.47 to $1.57 a share due to weaker product orders from Asia; also plans to cut jobs by as many as 700 positions in restructuring move; prior to warning, company was expected to earn $0.05 a share in the 3Q, same as in the year-ago period.....>> All I can say is thank you to Sanford Bernstein. Amots

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