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

To: etchmeister who wrote (5075)	7/26/2004 2:03:05 PM
From: Proud_Infidel	Respond to of 5867

Tech Gems Dirt Cheap There were a few companies whose results investors both applauded and purchased. Lam Research (nasdaq: LRCX - news - people ) announced stellar fiscal fourth-quarter performance. Revenue hit $329.6 million, up 43% from the March quarter and up 77% year-over-year. Adjusted EPS came in at 38 cents, almost three times the March total and vastly exceeding the 3 cents generated in this quarter last year. Analysts had been looking for revenue of $301 million and EPS of 26 cents. The company also offered guidance that was markedly above expectations so the 20% gain in the shares was warranted. We upped our goal prices on the shares to an LG of $51 and an FG of $43. It's still on our "buy" list, though, as our purchase limit now stands at $25.50. forbes.com