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

To: etchmeister who wrote (5822)	10/8/2010 10:17:31 AM
From: Kirk ©	Read Replies (1) \| Respond to of 5867

Deutsche Bank has SELL on LRCX. Stock down today on news. Semi Caps: Deutsche Bank Turns Bearish; Cuts Multiple Ratings By Eric Savitz * Friday, October 8, 2010 ET blogs.barrons.com Deutsche Bank analyst Peter Kim this morning turned cautious on the semiconductor equipment sector, issuing a Sell rating on the sector, and cutting his stance on a number of individual issues. “Leading into Q3 earnings, our checks indicate semicap equipment shipments were on pace to drive solid results for the quarter,” he writes in a research note. “[This] coupled with growing expectations for further spending among foundries as they compete for market share helped to drive a surge in [semiconductor equipment] stocks. However, industry fundamentals deteriorated in the quarter ([with a ]sharp drop in memory contract prices and slowing PC related segments). We believe [the] Q4 outlook will be tempered by weaker fundamentals and accordingly downgrade the sector.” Adds Kim: “We are not convinced CapEx will increase in 2011, but even if it were, we still expect a spending gap to mid 2011 when new fab shells are set to open. Hence, we look for [the] stocks to pull back.” Here’s a rundown on his specific stock moves: * Lam Research (LRCX): To Sell from Hold. * Novellus (NVLS): To Sell from Hold. * KLA-Tencor (KLAC): To Sell from Hold. * Varian Semiconductor (VSEA): To Hold from Buy; target to $26, from $42. * Applied Materials (AMAT): Maintains Hold rating; target to $11, from $12.50. In today’s trading: * LRCX is down $2.64, or 6.4%, to $38.80. * NVLS is down 90 cents, or 3.4%, to $25.61. * KLAC is down $1.79, or 5.1%, to $33.21. * VSEA is down $1.22, or 4.2%, to $27.84. * AMAT is down 19 cents, or 1.6%, to $11.54.

To: etchmeister who wrote (5822)	10/22/2010 2:12:51 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5867

Lam Research Corporation (NASDAQ: LRCX) reported 3QCY sales of $806 mn (+16% qoq), slightly above the high end of guidance, Goldman Sachs reports. “Operating EPS was $1.52, $0.14 above our estimate and $0.15 above the Street. EPS upside vs. our estimate was driven by higher sales, a higher gross margin, lower SG&A expense, lower taxes, and a lower share count,” Goldman Sachs writes. “Shipments of $808 mn (+16% qoq) were in line and guided +7% qoq in 4QCY10.” Goldman Sachs reiterates its CL-Buy and says that it would be aggressively adding to positions, adding, “We expect Street estimates to move significantly higher after the report, as the Street is modeling a drop-off in sales beginning in 1QCY11, which we believe is highly unlikely, given Lam's strong shipment guidance.” Lam Research currently trades for $41.25.