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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 (5052)	7/22/2004 10:06:46 AM
From: BWAC	Read Replies (1) \| Respond to of 5867

<6x estimated 2005 gross profits of $6.44 a share.> What? Now the game is a multiple on Gross profits? Ignore SG&A? Ignore Taxes? What is wrong with these analysts? <As demand for advanced etch equipment leads other process tools in a cyclical upturn, bookings of $408 million were up 17% in the quarter and guidance calls for another 5% increase in the first quarter.> Now this part should help the rest of the index follow. But I see its 10:00am and all the program trading got switched on for the day and is still apparently stuck on sell. Maybe its just a head fake. You can only ignore increasing earnigns for so long.