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

To: orkrious who wrote (3156)	7/30/1999 8:43:00 AM
From: Thomas J Pittman	Respond to of 5867

This from marketwatch: NEW YORK (CBS.MW) -- Shares of Lam Research hiked higher in pre-open trading Friday, after the company's earnings blew past analysts' estimates. Lam Research (LRCX: news, msgs) jumped 3 5/8 to 50 in Instinet trading. The company unleashed earnings for the fourth quarter of 28 cents per share, topping First Call estimates of 20 cents.

To: orkrious who wrote (3156)	7/30/1999 9:16:00 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 5867

European PC sales jump 21 percent By Reuters Special to CNET News.com July 29, 1999, 7:55 p.m. PT European PC sales grew 21.7 percent in the second quarter as small and mid-sized businesses bought machines in preparation for Y2K, offsetting weaker consumer demand, according to a newly released report. Dell, IBM, and Hewlett-Packard all outpaced the market and notched increases in share, according to market researcher Context. Compaq, the world's largest PC maker, remained Europe's market-share leader, although it grew slightly slower than the average and lost the lead in Britain to rival Dell, Context said. "Dell is Compaq's strongest competitor and they are taking share away from Compaq," said Marie-Christine Pygott, senior Context analyst. "This is a historic event that Dell has now taken the top position from Compaq in the UK." Separately, Compaq today said it would cut 800 to 1,000 jobs in Europe as part of a global restructuring following a second quarter loss of $184 million. Europe was one of Compaq's main troublespots as revenue grew only six percent. Despite the market's growth, all vendors were hit by falling prices and a weak euro, factors that are limiting revenue and profit gains. But while consumer demand eased, small and medium-sized businesses bought PCs at an increased rate as they began scrambling to prepare for the millennium changeover. "We expect to see this demand increase in Europe in the next quarters, with more and more [small businesses&!93; preparing for Y2K," Pygott said. Compaq's European market share slipped two points to 18.1 percent, while Dell climbed more than a point to 10.3 percent. IBM gained almost two points to 9.8 percent and HP gained a point to 7.6 percent. Siemens was fifth with a share of 6.7 percent, up a half a point. In the United Kingdom, Compaq saw PC shipments rise 3.4 percent, far slower than the UK market growth rate of 21 percent. Dell leaped ahead of its rival by posting UK sales growth of 43 percent. Dell, which sells PCs directly to customers over the Internet or via telephone, nearly doubled sales in France, Finland, and Denmark. Sales in Germany, typically a tough market for the company, rose 29 percent. IBM's European unit sales increased 48 percent on strong performances in France and Britain, and a weak comparative second quarter from 1998, Context said. HP also had a weak comparative quarter. Its unit sales rose 46 percent. A sales gain of 31.6 percent across Europe enabled Siemens to join the top five vendors despite a 19 percent drop in UK sales. Siemens will move even further up into the top group after its merges its European PC business with the No. 6 Fujitsu. Together they had second quarter market share of 11.7 percent, which would put them second behind Compaq. But Pygott remained cautious about the outlook for the combination since both get a large percentage of their sales from Germany. "The aim of the merger is to increase global PC sales, but it won't improve the situation much in other European countries," she said. "They will get bigger market share but the main increase is in Germany." news.com