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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 (5037)	7/21/2004 7:38:46 PM
From: BWAC	Read Replies (2) \| Respond to of 5867

<EPS= .55-.60 per share > Really?

To: Proud_Infidel who wrote (5037)	7/21/2004 11:28:30 PM
From: Kirk ©	Read Replies (1) \| Respond to of 5867

Thanks for the notes. So we have a $20 stock that grew EPS by over 100%... with $3.88 per share in cash... expected to make 55¢ next Q Lets say they "only" do $2 the next 4 quarters... that gives a forward PE of 10 before you subtract the cash. 0.4B per Q in sales.. that is about $1.6B a year. Market cap is 2.65B... subtract cash of $0.54B and you get an adjusted mkt cap of 2.1B so Price/sales is 2.1B/1.6B = 1.3 even with the cash, P/S is 2.65/1.6 = 1.7 I'd say LRCX is seeing 1974 bear market bottom type valuation now... price/sales of 2.... forward PE under 10... thus I expect it to go lower... -g-