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

To: Jerome who wrote (4483)	1/3/2001 12:00:35 PM
From: - with a K	Read Replies (1) \| Respond to of 5867

Here's one reference I found to LRCX from the 12/18 issue (Don't know if it's the same one you're referencing) Goldman Sachs analyst Gunnar Miller likes a long shot too--though his pick is a bit more high tech (and highbrow): Miller, who has made a career out of contrarian bets in semiconductor-equipment stocks, predicts Lam Research (LRCX: $17), which produces the gear used to make silicon wafers, will be a top performer. Why Lam--which saw its price plunge 68% this year? Miller says that traders have overlooked the fact that it's a great turnaround story. Management is meeting or exceeding the Street's expectations for revenues and profits, he notes. New orders, up 97% on an annual basis, are higher than forecast. And new products continue to wow the market. How impressed is Miller? He has a $40 price target on the stock for 2001.