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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (16332)	2/24/2002 3:24:01 PM
From: Mad2	Read Replies (1) \| Respond to of 18998

Re: LRCX Revenues of $259.2 million were 24 percent lower than the quarter ended September 23, 2001............ New orders of approximately $124 million were about 10 percent below the previous quarter. Book to bill is still running in the .5 range, should get better as revenue per quarter drops Real problem is mutual fund holders with a tech orientation haven't quite figured out how overvalued the sector really is. As a result tech fundy mgr's still have money to throw away on some perverse belief that the techs will turnaround. mad2

To: Mr. Pink who wrote (16332)	2/24/2002 4:34:58 PM
From: torquatus	Read Replies (1) \| Respond to of 18998

Mr. Pink, Aren't there better semiconductor shorts? 1/3 of Lam's valuation is in cash. If you back out the cash, Lam is only trading at ~12x peak earnings. Isn't MU a more obvious short?

To: Mr. Pink who wrote (16332)	2/25/2002 2:53:05 PM
From: The Osprey	Respond to of 18998

Coverage initiated on LRCX and the stock has moved the other way.Shorted just the same as I concur that this will plummet like a stone shortly. The Osprey