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

To: FJB who wrote (4163)	7/10/2000 6:52:49 PM
From: Proud_Infidel	Respond to of 5867

Transcript of J. Bagley CNBC interview here: mktnews.nasdaq.com

To: FJB who wrote (4163)	7/10/2000 6:53:52 PM
From: Proud_Infidel	Respond to of 5867

Transcript of J. Bagley CNBC interview here: mktnews.nasdaq.com JULY 10, 2000 SUMMARY: Bagley expects new products to generate 10% of Lam Research's revenue by the end of the year. Lam makes three kinds of systems vital to the chip making process. Bagley predicts continued demand and growth for semiconductor companies going forward. Maria: The top semiconductor equipment providers and makers are in San Francisco at their annual trade show, Semicon West. It's the largest trade show in the capital equipment industry. Among those in attendance, Lam Research. It's been a roller coaster year for the company, as you can see by this year to date chart. Joining us live from the Semicon West is Lam Research chairman and CEO, Jim Bagley. Good to have you with us. Thank you, good to be here. Maria: You were talking about new products and an expansion of your current product line to the conference earlier and I guess that's what you're planning on focusing on partially tomorrow at an analyst meeting. Tell us about it. Well, we've got several new product offerings that we will be showing analysts tomorrow, as well as our customers. Our customers are looking at those today. Those new product announcements are pretty broad, relative to our total product offerings and it includes everything from 200-millimeter processing to 300-millimeter processing. Maria: Going forward, how do you expect the new products to impact business, if you had to roughly try to predict growth in revenue based on these products? I think that we'll see by the end of this year that a lot of our new products will, that we're introducing now, will be generating roughly 10% of our revenue by the end of the year. And I would suspect we would see that move to somewhere around 20% of our revenue by late 2001. Maria: Characterize business for us. There was some worry over the last week or so that the cycle for semiconductor companies in general and related companies, is coming close to an end. What do you think? I think maybe that was a little bit premature. I've talked to our customers, I look at our own situation, relative to our current level of bookings, new orders, as well as our customers forecast to us for 2001 and it looks like to me that it's bowing to be very strong through 2001. I just listened to a presentation this morning by one of our key customers that said that they had very strong demand already, that goes into 2002. So as long as the semiconductor industry has strong demand, we should see good demand as well as continued growth in our business. Maria: Did you get a sense from your customers as far as capital expenditure plans for the next two or three years? Well, I think that two things will impact that. They will need to continue expanding their capital for 200-millimeter processing. That's the current product offerings that the equipment industry has and that we have. And then they will begin a pretty substantial investment in late 2001, early 2002 for 300-millimeter. So I think most of our customers will see an additional level of capital investment in 2001, as well as in 2002. We would expect the industry's capital expenditures to grow well over 25% in 2001, it's been substantial growth this year, and we would expect to see continued growth in 2001. Maria: And some of the analysts have an estimate as high as 30 to 40% growth in cap ex in '01. Copper seems to be the buzz word in the your industry. Clearly the coming interconnect technology, technology required to support making the chips smaller as well as making them faster. You've seen the announcements from companies like AMD, who have implemented copper and are touting very fast microprocessors, you will begin to see that on more and more logic as we move to 2001. So copper is an integral part of the industry's ability to continue to enhance productivity of semiconductors. Maria: Mr. Bagley, we wish you the best, good luck at the conference. Thank you. Maria: Our thanks to Lam Research chairman and CEO Jim Bagley.

To: FJB who wrote (4163)	7/10/2000 6:55:08 PM
From: Proud_Infidel	Respond to of 5867

Transcript of J. Bagley CNBC interview here: mktnews.nasdaq.com JULY 10, 2000 SUMMARY: Bagley expects new products to generate 10% of Lam Research's revenue by the end of the year. Lam makes three kinds of systems vital to the chip making process. Bagley predicts continued demand and growth for semiconductor companies going forward. Maria: The top semiconductor equipment providers and makers are in San Francisco at their annual trade show, Semicon West. It's the largest trade show in the capital equipment industry. Among those in attendance, Lam Research. It's been a roller coaster year for the company, as you can see by this year to date chart. Joining us live from the Semicon West is Lam Research chairman and CEO, Jim Bagley. Good to have you with us. Thank you, good to be here. Maria: You were talking about new products and an expansion of your current product line to the conference earlier and I guess that's what you're planning on focusing on partially tomorrow at an analyst meeting. Tell us about it. Well, we've got several new product offerings that we will be showing analysts tomorrow, as well as our customers. Our customers are looking at those today. Those new product announcements are pretty broad, relative to our total product offerings and it includes everything from 200-millimeter processing to 300-millimeter processing. Maria: Going forward, how do you expect the new products to impact business, if you had to roughly try to predict growth in revenue based on these products? I think that we'll see by the end of this year that a lot of our new products will, that we're introducing now, will be generating roughly 10% of our revenue by the end of the year. And I would suspect we would see that move to somewhere around 20% of our revenue by late 2001. Maria: Characterize business for us. There was some worry over the last week or so that the cycle for semiconductor companies in general and related companies, is coming close to an end. What do you think? I think maybe that was a little bit premature. I've talked to our customers, I look at our own situation, relative to our current level of bookings, new orders, as well as our customers forecast to us for 2001 and it looks like to me that it's bowing to be very strong through 2001. I just listened to a presentation this morning by one of our key customers that said that they had very strong demand already, that goes into 2002. So as long as the semiconductor industry has strong demand, we should see good demand as well as continued growth in our business. Maria: Did you get a sense from your customers as far as capital expenditure plans for the next two or three years? Well, I think that two things will impact that. They will need to continue expanding their capital for 200-millimeter processing. That's the current product offerings that the equipment industry has and that we have. And then they will begin a pretty substantial investment in late 2001, early 2002 for 300-millimeter. So I think most of our customers will see an additional level of capital investment in 2001, as well as in 2002. We would expect the industry's capital expenditures to grow well over 25% in 2001, it's been substantial growth this year, and we would expect to see continued growth in 2001. Maria: And some of the analysts have an estimate as high as 30 to 40% growth in cap ex in '01. Copper seems to be the buzz word in the your industry. Clearly the coming interconnect technology, technology required to support making the chips smaller as well as making them faster. You've seen the announcements from companies like AMD, who have implemented copper and are touting very fast microprocessors, you will begin to see that on more and more logic as we move to 2001. So copper is an integral part of the industry's ability to continue to enhance productivity of semiconductors. Maria: Mr. Bagley, we wish you the best, good luck at the conference. Thank you. Maria: Our thanks to Lam Research chairman and CEO Jim Bagley.

To: FJB who wrote (4163)	7/11/2000 4:23:25 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5867

As much as I hate to admit this, I found, this on the Yahoo thread: 14:39 ET Semi Equipment : Hearing from trading floor sources that the sector has been hit by a Bloomberg story that Lam Research (LRCX 35 7/8 -1) CEO said at SemiCon West that industry sales would be slower than expected this year due to component shortages

To: FJB who wrote (4163)	7/20/2000 10:16:18 PM
From: Proud_Infidel	Respond to of 5867

Just an FYI, but using today's numbers LRCX is down 22.2% for the calenday year to date!!!!($37 3/16 as of 1/1/00). Amazing, especially considering that NO analyst out there expected the semiconductor to be as robust as it currently is. BK, still shaking my head from today's rout and volume.

To: FJB who wrote (4163)	7/20/2000 10:16:35 PM
From: Proud_Infidel	Read Replies (3) \| Respond to of 5867

Just an FYI, but using today's numbers LRCX is down 22.2% for the calendar year to date!!!!($37 3/16 as of 1/1/00). Amazing, especially considering that NO analyst out there expected the semiconductor to be as robust as it currently is. BK, still shaking my head from today's rout and volume.