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


To: etchmeister who wrote (5776)7/30/2008 12:55:07 PM
From: etchmeister  Respond to of 5867
 
Analysts on average were expecting the company to earn 39 cents a share, before items, on revenue of $549.1 million, according to Reuters Estimates.

In Jan 2001 LRCX reported record revenue of $494.3 million;
so analysts expected Lam to exceed its previous peak by 10% while being in a downturn;
I say:
screwed up financial analysts combined with weak hands that buy and sell the daily news