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

To: Dale Stempson who wrote (4297)	8/11/2000 12:52:58 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 5867

On 7/27, First Call listed consensus mean earnings for LRCX of 1.88 and 2.13 for FY - 01 and FY - 02 respectively. Yesterday, 8/10, First Call updated those estimates to 2.01 and 2.42 respectively. This is an increase of 0.13(7 %) and 0.29(14 %) respectively. During the last 2 weeks over which the estimates have increased, LRCS price has decreased from its close of 27.12 on 7/27 to 21.50 as I write this message - that is a loss of 21 percent. At the present price, LRCX is trading at a this year PE of 11 and a next year PE of 9. This for a stock that First Call lists as having a consensus 20.3 growth rate for the next 5 years. We must be getting close to a turn-around in the stock price action. Actually, as I write this message, the NASDAQ is in positive territory and the DOW is looking real good. Don W.