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

To: Cary Salsberg who wrote (3208)	8/4/1999 9:37:00 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5867

Cary, I tend to believe that this sector will receive premium multiples when affection for the group reaches a fevered pitch sometime over the next 3 years. I am looking for EPS well above $5.00, and would not be surprised to see a price for Lam twice above your projection. Since the current prevailing wisdom currently believes that 300mm wafer starts will account for only 5% of total wafer starts in 2003(Dataquest), I will not be selling in '00 or '01. My original intent when investing in this sector was to see 300mm come and go. As always, I greatly appreciate your wisdom but believe you are being conservative on your outlook for the group. Regards, Brian