SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (4935)1/21/2004 5:23:27 PM
From: Ian@SI  Respond to of 5867
 
* 16:16 ET Lam Research beats by 2 cents (LRCX) 33.65 -1.03: Reports Q2 (Dec) "ongoing" earnings of $0.07 per share, $0.02 better than the Reuters Research consensus of $0.05; revenues rose 3.7% year/year to $191.5 mln vs the $184.8 mln consensus.

* 16:17 ET Lam Research names new CFO (LRCX) 33.65 -1.03: -- Update --

* 17:19 ET Lam Research guides revs higher for Q3 (Mar), but EPS in-line (LRCX) 33.65 -1.03: -- Update -- On conference call, LRCX puts Q3 (Mar) revenues at approximately $215 mln versus the Reuters Research consensus estimate of $206.7 mln, and EPS at $0.10 versus the RR of $0.10... Adds that Q3 orders should be up 25% and gross margins should be relatively flat... Management also says that Q4 (June) revenues should be $270 mln.



To: Proud_Infidel who wrote (4935)1/21/2004 6:25:34 PM
From: Jong Hyun Yoo  Read Replies (1) | Respond to of 5867
 
Typical sell of the news reaction.

LRCX is on track to do at least 350 million per Q this cycle. And at that point, the company may do better than $2 per share with $60 stock price...

JHY