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

To: Proud_Infidel who wrote (3645)	11/18/1999 9:56:00 PM
From: Jong Hyun Yoo	Read Replies (2) \| Respond to of 5867

Added more shares at 79. Certainly I felt more comfortable paying low teens for LRCX when it was dirt cheap around the beginning of this year. However, even at 79, I feel confident I can make decent bucks. I like current business environment for LAM. More fab constructions are occurring but at a constrained rate. This will ensure that we won't have a overcapacity situation as we did in 96 and 97. Remember at the peak of last upturn, virtually one new fab was constructed every week. Current plan for new fab is far less than this number and this will ensure that the upturn in the equipment business will last in duration. In addition, the last upturn was created by one single driver: proliferation of PC. However, current upcycle is supported by expansion of the multiple products: wireless devices, PC, networking device, DVD players, Home entertainment appliances, ect..Finally we are moving into new technology for chip equipments. Finer device feature, larger wafer size, new low K material, ect will create more opportunities for the equipment vendors to make money.