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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 (3983)	2/27/2000 4:51:00 PM
From: Jerome	Respond to of 5867

Not exactly breaking news, but the endorsement will be accepted: moneycentral.msn.com At these prices for LRCX I wonder if a swap of AMAT for more shares of LRCX would be good move? Opinions welcome, Jerome

To: Proud_Infidel who wrote (3983)	2/29/2000 2:55:00 AM
From: Jong Hyun Yoo	Read Replies (2) \| Respond to of 5867

LRCX gaining market share in the oxide etch: Oxide etch expected to grow by 70% in yr 2000. I am forwarding to you guys what my friends have forwarded to me. Following is the Merills take on the oxide etch market. LRCX Should Outperform Group in 2000 The estimated 70% year over year growth in the industry will greatly benefit all three of the main etch companies but we believe the momentum is clearly behind LRCX and expect the company to outperform the others in 2000. We believe LRCX will capture a few percentage points in 2000 and increase its overall market share to 32%, while AMAT drops to 39% (from 40%) and TEL drops to 21% (from 22%). LRCX Showing Strength in Oxide We estimate LRCX will increase its oxide market share in 2000 to at least 26%. Even though this increase will not be enough to push LRCX past AMAT, to move into the second place in the oxide market, it will allow LRCX to outperform the others during the year. Strength in Asia LRCX won significant business from STMicroelectronic late last year and we believe the company has recently won some big orders at Hyundai in Korea and has built a lot of momentum in the Japanese market. Table 2 highlights some of the recent order strength for each of the top three etch companies. Table 2: Recent Order Strength: LRCX: Hyundai / LGS STMicroelectronics Japan AMAT: Samsung TEL: Intel Bottom Line: All three companies should benefit from a strong etch market in 2000 but we believe LRCX will slightly outperform AMAT and take share away from TEL in 2000. LRCX is gaining market share momentum in the largest and fastest growing etch segment (oxide etch).