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

To: Proud_Infidel who wrote (5005)	5/14/2004 3:17:35 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 5867

Brian - that is good news to hear some more corroboration of LRCX's position in the dielectric etch area. Schwab Soundview also feels they are doing well in that area and have some recent "wins" to their credit. Listed below is their comments as of today. LRCX LRCS: Initiate Coverage With An Outperform - In our view, Lam Research could outperform its peers as the company is seeing new wins in dielectric etch, the fastest growing segment of the etch market. We believe that Lam has the best product lineup and is likely to gain significant market share. We believe the risk/reward for Lam`s stock at the current price is favorable, as the stock is currently trading at 13.1x our C05 EPS estimate and 4.4x book value.nitiating coverage of Lam Research with an Outperform rating and a $35 price target. Stock is trading at an attractive valuation at 13.1x C05 EPS of $1.72. Peak gross margins could surpass last cycle peak margins by 300--500 basis points in our view.>> Message 20130332 Don