Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: All Mtn Ski who wrote (4984)	4/15/2004 12:40:43 PM
From: Kirk ©	Read Replies (1) \| Respond to of 5867

"Well, like oil and water, rationality and the stock market do not mix...." This is what I am writing now for my next newsletter: Chart Talk: Make sure you check this link ( stockcharts.com[l,a]daclyyay[d20020901,20041231][pa5!a10!f][vc60]&pref=G )showing how LRCX bottomed in 2002 at $6.63 then rose like a phoenix to $17.13 in December 2002 only to correct back 36% to a 2003 low of $10.77 in late April. If we look for a similar 36% correction from the top at $35.50, we get a target of $22.55! Amazing how that is only pennies away from the current March 2004 low of $22.52! So... we could be seeing a repeat of first quarter correction to be followed, hopefully, by higher prices for the remainder of the year. and "One of the most interesting things I got from the conference call was Bagley said that many fabs had sold or converted their 200mm equipment in favor of 300mm. A new application, LCD driver chips (for lap tops, TVs and cell phones) was not practical at the smaller geometries most 300mm processes are designed for. Basically the smaller chips are not "strong enough" to handle the large voltages required to drive color displays so you actually need larger chips geometries to handle the high voltage. As such, there is a real scramble to get more 200mm equipment up and running as there has been huge growth in LCD panels. I've read reports of some fabs now running above 100% capacity to meet the demand (they run on weekends and skip preventative maintenance to get the extra revenue in the short term.) He said used 200mm equipment was now almost as expensive as the new stuff! Bottom line is this is the sort of news we've been waiting for. Now we just hope it lasts for awhile so the company can print money. "