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

To: Duker who wrote (3480)	10/21/1999 10:26:00 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5867

Please explain to me how even possible Y2K disruptions will cause trouble for the likes of Lam, which are dependent of fabs being built. The last time I checked, nobody was delaying fabs because of a possible 2-3 week disruption in early '00. Whoever said the market was rational must have had a good sense of humor. BK BTW, EGLS reported: SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 21, 1999--Electroglas, Inc. (Nasdaq:EGLS - news) reported operating results for its third quarter ended September 30, 1999. For the third quarter 1999, revenues were $34.7 million, up 17% from the immediate prior quarter and up 54% from the same period last year. Net income was $3.6 million, or $.18 per diluted share. This compared with net income of $1.1 million, or $.05 per diluted share, reported in the immediate prior quarter, and a net loss of $5.7 million, or $.30 loss per share, for the same period last year. During the quarter, the Company met the covenants and no longer was required to collateralize the financing of its new site construction project. At the end of the quarter, the Company had $133.2 million in total cash, up $12 million from the immediate prior quarter. ''The third quarter was a solid one for Electroglas,'' commented Curt Wozniak, CEO. ''Business activity was strong through the quarter as semiconductor companies ramped up production and reached high levels of capacity utilization. Bookings reached $41.4 million, a 21% increase from the last quarter and a 140% increase from the same quarter last year. Our book-to-bill ratio remained solid at 1.19, giving us increased backlog and good visibility into the fourth quarter. We are pleased to report that the recent earthquake in Taiwan did not impact Electroglas probers, and customers reported coming back on line as soon as power was restored.