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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Duker who wrote (3135)	7/29/1999 9:07:00 PM
From: Proud_Infidel	Respond to of 5867

Duker, Wow ... and the call ... wow I agree although I was kind of surprised by the call. Although JB was noticably optimistic about market share gains they have already made and the prospect of extending these gains with the Excelon, Teres etc., I had thought they would be more upbeat about industry conditions. Maybe I'll have to listen a 2nd time. What did you think? BK

To: Duker who wrote (3135)	7/29/1999 9:47:00 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 5867

Just going over some what ifs.....at only 3 times next Q's run rate of 240M brings us to $67......4X sales gives us $89......if Bagley & Co can shore up margins(today is a good indicator they can) and grab market share as was implied in the CC, what is an appropriate multiple? Anyone who thought Lam had seen the best part of its run should look at the numbers put forward tonight and reconsider. BTW, using next Q's run rate of 240M and multiplying by 4 is being very conservative since it assumes no growth for the next 4 Q's. And these calculations are also conservative in that I am using 43M shares(fully diluted). Just some random thoughts BK