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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lone Star who wrote (45381)	4/12/2001 8:59:31 AM
From: Jerome	Respond to of 70976

If Lam truly believed in a June quarter turnaround, they wouldn't be laying off 15%. I believe that it was mentioned by Bagley that there was no strong conviction about the matter of a turnaround. Thus the need to take precautions and lay off 15%. With the estimate for next quarter around $.15 per share there will be pressure to remain profitable. Given the weakened outlook, it is my viewpoint that there is nothing on the horizon to drive LRCX from $25.00 to $40.00 a share. Then LRCX wanders aimlessly between 20 and 28 influenced by events other than their outlook. A good stock for for CC writing or for short term trading. Jerome

To: Lone Star who wrote (45381)	4/12/2001 12:28:24 PM
From: Kirk ©	Read Replies (1) \| Respond to of 70976

If Lam truly believed in a June quarter turnaround, they wouldn't be laying off 15%. Not at all. Orders were down 60% and they don't expect to see that rate for many quarters to come... They are adjusting head count to handle order visibility that they do have which is higher than current level but not expected to grow for a few quarters of relative flatness. Plenty of time to staff up again if high orders return faster. Lack of "confidence" sounded like "shell shock" and they admitted as much.