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

To: Donald Wennerstrom who wrote (39736)	7/30/2008 11:36:16 AM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95616

LAM RESEARCH (LRCX) POSTS Q4, GOLDMAN SAYS STOCK UNDERVALUED 2008-07-30 Analyst James Covello says $566M sales beat high end of guidance, $0.60 EPS significantly above his $0.39, Street's $0.40 ests. Says upside driven by higher revenues, lower SG&A, lower taxes. Notes CY Q3 sales, EPS guidance essentially in line with his estimate, but significantly below Street. Raises his $1.70 CY 08 EPS est. to $1.90, but cuts $1.70 CY 09 EPS est. to $1.45 on lower revenues. Reiterates buy, Conviction List. Says semiconductor processing equipment fundamentals still difficult, but we're getting close to cycle bottom, would start initiating positions in select names with attractive valuations, solid full-cycle profitability. Keeps $45 6-month target.