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

To: Jong Hyun Yoo who wrote (3220)	8/6/1999 10:13:00 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5867

JHY, I don't follow NVLS too closely but it was rumored they were going to win 50% of a CVD(or PVD??) order by INTC which until now has been exclusively(or nearly so) AMAT. As for NVLS, over the years the Street has embraced valuation wise them while Lam was left to by the side of the road. Now with Bagley & Co. I do not think the Street has any choice but to embrace Lam. I still believe, even after this recent runup, that Lam is one of the most undervalued in the sector. Time will tell. Brian

To: Jong Hyun Yoo who wrote (3220)	8/6/1999 10:28:00 AM
From: Proud_Infidel	Respond to of 5867

JHY/All, Lehman report on Lam here: lehman.com BK

To: Jong Hyun Yoo who wrote (3220)	8/6/1999 2:38:00 PM
From: Proud_Infidel	Respond to of 5867

Good news from the DRAM front: ******************************** Hardware stocks up on DRAM outlook IBM's British accounts under scrutiny by U.K. tax body By Janet Haney, CBS MarketWatch Last Update: 2:03 PM ET Aug 6, 1999 Silicon Stocks Join the Discussion Group NEW YORK (CBS.MW) -- Hardware shares moved higher, with Micron Technology leading a rally in the chip sector on a brighter outlook for DRAM prices, though losses in SCI Systems stock weighed on a mixed personal-computer group. Chip and chip-equipment companies in the Philadelphia Semiconductor Index were in strong rally mode Friday, energized by gains in shares of Micron Technology (MU: news, msgs), up 4 1/8 to 65 9/16. The sector rose 2.3 percent David Wu, an analyst at ABN Amro, reiterated his "buy" rating on Micron as well as his six-month to 12-month price target of $70 per share. Wu wrote in a research note that he expects DRAM prices to rise toward $7 led by "strong OEM demand and significantly reduced inventories at Samsung, Hyundai/LG Semicon and in Taiwan." Wu believes these factors will help make fourth quarter "upside surprises likely to happen." "Six weeks ago you couldn't give stuff [DRAMs] away at $4, $4 1/2 bucks and now you're seeing instances where pricing is up in the $7 range," said Rick Owens, vice president of research at D.A. Davidson. "It's been a phenomenal turn in the DRAM industry which I think is carrying some of the other stocks along." Rambus (RMBS: news, msgs) was down 1 to 85 3/4 and Advanced Micro Devices (AMD: news, msgs) jumped 3/4, or 4.7 percent, to 16 7/8. Intel (INTC: news, msgs) shares gained 15/16 to 72 7/16. The new name and identity of a former chip division of Motorola (MOT: news, msgs) was announced Thursday as ON Semiconductor. The unit was acquired by Texas Pacific Group for $1.6 billion. See press release. Motorola was up 11/16 to 88 11/16 Friday. PC sector The Goldman Sachs Computer Hardware Index crept up 0.1 percent. Adding to the string of comments on the DRAM market, D.A. Davidson's Owens provided his input: "Unit growth for PCs was pretty good in Q2, the June quarter, but the mix continues to shift to the low end and what Micron is benefiting from is the amount of memory going in some of the lower end PCs," Owens said. "That change has absorbed a lot of this excess DRAM capacity." IBM (IBM: news, msgs) shares gained on news that its researchers in Silicon Valley and Zurich, Switzerland, have discovered a way to speed the way information is saved on a hard drives or floppy disks. In related news, British tax authorities are investigating Big Blue's accounts, reportedly on speculation that it's avoided paying taxes. See full story. IBM shares jumped 1 3/8 to 124 9/16. Today on CBS MarketWatch Stocks steel for rate hike Sports franchises bypass ad channels Job report shows hot economy AOL in Instant Messenger deal with MindSpring Thom Calandra: Net investors need to look closely More top stories... CBS MarketWatch Columns Updated: 8/6/99 1:56:38 PM ET SCI Systems (SCI: news, msgs) posted fourth-quarter net income of $42.8 million, or 63 cents a share, compared with $36.9 million, or 60 cents, in the year-ago quarter. Analysts' estimates came in at 57 cents a share. See Movers & Shakers. The Huntsville, Ala.-based company is the world's No. 2 contract manufacturer of electronic components, behind Solectron. Despite the news, shares slid 1 5/16 to 52 1/8. As a result of the positive earnings surprise, SG Cowen upped its outlook on the company to "buy" rating from "neutral." Western Digital (WDC: news, msgs) shares were down 1/4 to 3 15/16 after the storage device maker said in a statement that it has named Matthew Massengill and Russell Stern co-chief operating officers. Meanwhile, Apple (AAPL: news, msgs) shares rose 1/4 to 55 and shares of Compaq (CPQ: news, msgs) were down 1/8 to 22 3/4. Dell (DELL: news, msgs) was up 7/8 to 39 5/8. Cisco (CSCO: news, msgs) shares rose 5/16 to 61 13/16, and Lucent Technologies (LU: news, msgs) lost 1/8 to 64 1/8. cbs.marketwatch.com