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

To: Jong Hyun Yoo who wrote (4944)	1/24/2004 1:08:31 PM
From: All Mtn Ski	Respond to of 5867

Excellent points and I completely agree with you on 1, 2 & 4. Rationality with relation to CAPEX has returned and only bottom line justifiable purchases like leading edge and 300mm are being pursued. Fundamentally, they are well positioned for taking advantage of a sustained upturn in the business, and if that happens, they will be great stock performers. 3, I think is where we have a different opinion, and only time will tell, but certainly the picture will be getting clearer over the next 6-9 months regarding 2005. I think the stocks, even if my scenario plays out, should do well along with the market through summer. An aggressive administration in an election year also helps. I feel a pullback is imminent, we'll see how deep it goes, but the semi equips should make new highs with the market later this spring/summer. I've seen these stocks fall on sequentially better fundamentals and rise on poor ones about 6-9 months prior to the actual turn in business, so its hard to stick with a set time-frame and not open yourself up to additional risks in holding these stocks in the process. Missing out on longer runs aside, I have found trading a weeks-long or months-long trend to work for me in making gains and keeping what you made. A-M-S