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

To: Kirk © who wrote (5510)	7/23/2006 3:07:55 PM
From: etchmeister	Respond to of 5867

My impression is LRCX management is not pleased by coverage and equally frustrated by the bookings peak / cycle peak talk which started seven months ago in particular without quantifying the magnitude of the upturn. In case anybody else listened to CC please post what your impression is with regards to LRCX discontinue providing bookings guidance. TIA

To: Kirk © who wrote (5510)	7/23/2006 9:55:41 PM
From: Proud_Infidel	Respond to of 5867

Was on vacation last week and missed all of the fireworks in SCE land......unfortunately, this always seems to happen when I go on vacation. Lam, Novellus post strong results Mark LaPedus EE Times (07/19/2006 4:20 PM EDT) SAN JOSE, Calif. — Chip-equipment vendors Lam Research Corp. and Novellus Systems Inc. separately posted strong results. Lam (Fremont, Calif.) said revenue for the quarter was $525.6 million and net income was $122.1 million, or $0.84 per diluted share. This compares to revenue of $437.4 million and net income of $86.3 million, or $0.60 per diluted share, for the March 2006 quarter. In the like period a year ago, Lam said revenue was $353.8 million and net income was $66.5 million, or $0.47 per share. "We are pleased with the results for the June quarter," stated Steve Newberry, Lam's president and chief executive, in a statement. "Our market share gains and the increased capital investment by our customers drove our new orders substantially above expectations. Novellus, based here, said sales for the second quarter were $410.1 million, up 12.1 percent from the first quarter 2006 net sales of $365.9 million and up 24.4 percent from second quarter 2005 net sales of $329.6 million. Net income for the second quarter was $52.7 million, or $0.42 per diluted share, up 113.2 percent from first quarter 2006 net income of $24.7 million and up 58.6 percent from second quarter 2005 net income of $33.2 million. Bookings in the second quarter were $457.5 million, up 9.8 percent over first quarter 2006 bookings of $416.7 million. Shipments of $457.3 million in the second quarter represent an increase of $103.2 million or 29.1 percent from $354.2 million reported for the first quarter. "We are pleased with our strong results in Q2, which continue to demonstrate our improving operational and financial performance," said Richard S. Hill, chairman and CEO, in a statement.