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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (18047)8/12/2004 1:26:22 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95757
 
No, the bounce didn't last long for LRCX. Down from 23.79 on 8/2 to trading around 19.80 right now - a loss of 17 percent in the last 8 trading days. It is now about the same price as before the earnings announcement where the company beat consensus earnings estimates by 46 percent.

This years earnings estimates were upped from 1.65 to 2.34, but it didn't make any difference - LRCX is now selling at the same price at the 2.34 estimate that it was at the 1.65 estimate. LRCX looks like it wants to go lower as well.

Don