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

To: Duker who wrote (3248)	8/18/1999 7:41:00 AM
From: Duker	Read Replies (2) \| Respond to of 5867

Some excerpts from a WSJ article: ... So I guess the PC industry is growing at 22.5%! "We're executing consistently and gaining share," said Michael S. Dell, chairman and chief executive officer. U.S. sales exceeded "by a fairly large amount" Compaq's estimated 1.8 million PCs shipped, he said, but he declined to provide specific figures. Dell said its 55% increase in unit shipments was twice that of the industry average. Wall Street analysts saw the results as dramatic evidence of the company's ability to dodge the bullet of plummeting desktop PC prices that have deflated margins at Compaq and International Business Machines Corp. "This company continues to do a dynamite job delivering on its direct-sales business," said analyst William C. Conroy of Sanders Morris Mundy Inc. "The results suggest a stronger pricing environment than we were looking for." Dell's average selling price fell 8%, less than expected, to $2,200. Sales of higher-priced and higher-profit notebook PCs, network servers and workstations accounted for 40% of computer sales, up from 34% two years ago. Strong Second Half Expected Mr. Dell said the outlook for the rest of 1999 is solid. "We're very well positioned to have a strong second half," he said, noting healthy demand among consumer, government and small-business customers. The company's sales via the Internet rose to a rate of $30 million a day, more than double the $14 million-a-day rate at the end of last year. --Duker

To: Duker who wrote (3248)	8/18/1999 10:10:00 AM
From: Kirk ©	Respond to of 5867

Believe it or not, I told my readers that I was taking profits at $60 and sure enough, we hit that limit the next trading day before heading lower. Damned lucky on that one! I sold 1/3 of the position bought at $10. Of course, this is not a real portfolio where I have to worry about taxes so my personal money was kept invested. Still, I can bask in a moment for a good call for the short term. BTW, Justa Werkenstiff called the "sell on AMAT earnings" for the sector about 6 weeks ago and he seems to have hit a home run with it for short term play. long term, this is all noise and we always expect this sort of volatility as the price we pay for large gains. Kirk out