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

To: Ian@SI who wrote (51362)	8/31/2001 6:55:58 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Lam Research Corporation Announces Additional Cost Savings Activities FREMONT, Calif.--(BUSINESS WIRE)--Aug. 31, 2001--Lam Research Corporation (Nasdaq: LRCX - news) today announced that it is implementing additional cost savings measures to better align the company's operations with current market conditions. In addition to a reduction in force, which will impact approximately 10 percent of global employees, Lam is pursuing several initiatives to lower operating expenses. These include company-wide shutdown days, voluntary pay reductions, and employee furloughs. The company will record a restructuring charge against financial results for the quarter ending September 23, 2001. ``Current industry conditions warrant a conservative approach to cost management, while the cyclical nature of our business demands flexibility as well,'' stated James W. Bagley, Lam's chairman and chief executive officer. ``Downturns are a time to introduce new products and win market share. We are actively engaged with our customers on next-generation development work for the transition to copper and other new materials. In addition, the move to 300 mm wafer processing is underway. Our recently introduced suite of 2300 products is 200 mm and 300 mm capable and offers our customers key cost and technology benefits on both wafer sizes. The 2300 products are being very well received, and we expect our market share to reflect these early successes when growth in industry spending resumes,'' Bagley concluded. This press release contains certain forward-looking statements which are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate generally to Lam's product developments, future market conditions or trends, market share estimates, and the impact of any marketing programs, product introductions or cost reduction efforts. Such statements are based on current expectations and are subject to risks, uncertainties, and changes in condition, and other risks detailed in documents filed with the Securities and Exchange Commission, including specifically the report on Form 10-K for the year ended June 25, 2000, and the Form 10-Q for the quarter ended March 25, 2001. The company undertakes no obligation to update the information in this Press Release. Lam Research Corporation is a leading supplier of wafer fabrication equipment and services to the world's semiconductor industry. Lam's common stock trades on the Nasdaq National Market under the symbol LRCX. The Company's World Wide Web address is lamrc.com.

To: Ian@SI who wrote (51362)	9/1/2001 8:22:52 AM
From: Katherine Derbyshire	Read Replies (1) \| Respond to of 70976

I don't follow wireless closely, but I seem to remember reading that 3G is doing very poorly in Europe. Not coming close to paying for all the investment companies over there have poured into it. Do you have more specific information? Katherine

To: Ian@SI who wrote (51362)	9/2/2001 1:56:13 PM
From: John Trader	Read Replies (1) \| Respond to of 70976

Ian, I remain very interested in the fiber optic companies and the questions regarding the rate of data traffic growth and the future demand for fiber. I have posted several articles on this issue, and you have posted many more I think. I am wondering if the great confusion on these questions right now could mean that big opportunity is at hand. We could be at at time when overall market pessimism is combining with very depressed prices for some of these bandwidth related stocks. If anybody knows the answers to these questions, or has thoughts on this, please let me know. I am just guessing really, but I think the bullish argument here has some merit. For one thing, I just can't believe that the consumer is not going to pay for bandwidth, given all the other high-priced non-essentials that are consumed in the USA today (e.g. Starbucks coffee, expensive gas-guzzling cars, and oversized homes). A good part of this "last mile" problem is political. I think the demand is, or will be there when it is available (people who don't want it now will want it later when movies, etc. are available over the internet). I am not too optimistic about the political situation right now (IMHO Gore would be much better than Bush - hope I am wrong about this), but I think capitalism will prevail, and high speed web access for the masses will arrive. The fact that high-bandwidth wireless is on the horizon will certainly help make it happen. It is truly incredible that many of these stocks (e.g. GLW) are at about 1/10 the level they were at last fall. I am not going to try to provide a numerical argument that some of these stocks are buys here - that didn't work before (i.e. all the analysts who were bullish on these stocks last September), so why should it now? Since the fundamentals to any quantitative analysis are in so much question right now (e.g. data traffic doubling every year (or even flat) vs. going up 4 times each year), I think one can come up with just about any answer they want. When the answers to these questions all become clear, I think whatever opportunity there is will mostly be gone. Also, I like the idea of going against the herd on some of these quality companies that should survive any downturn. FWIW, I just added to my GLW position on Friday at around $12/share. I don't know how low it will go, but right now I plan to buy more if it goes lower. Best wishes to all, John