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

To: Donald Wennerstrom who wrote (54288)	10/19/2011 4:33:11 PM
From: Kirk ©	1 Recommendation Respond to of 95531

SAN FRANCISCO (MarketWatch) - Lam Research LRCX -1.45% on Wednesday reported a profit of $71.8 million, or 58 cents, for the quarter ended Sept. 25, compared with a profit of $193.7 million, or $1.55 a share, for the year-earlier period. Revenue was $680.4 million, down from $805.9 million. Adjusted income was 63 cents a share. Analysts had expected Lam to report earnings of 64 cents a share, on revenue of $671.1 million, according to a consensus survey by FactSet Research. Earnings PR at investor.lamrc.com "As expected, our September quarter results reflect the impact of ongoing macroeconomic uncertainty on wafer fab equipment spending," said Steve Newberry, Lam's chief executive officer and vice chairman. "While customers are currently delaying near-term expansion plans, they continue to make investments in leading edge technologies that enhance their competitiveness. We expect that when advanced technology device demand increases, capacity expansion will resume. Lam traditionally excels in this environment, and we remain focused on making the critical strategic investments that extend our technical leadership, strengthen customer trust and drive our long-term growth," Newberry concluded.

To: Donald Wennerstrom who wrote (54288)	10/20/2011 11:00:39 AM
From: robert b furman	Read Replies (1) \| Respond to of 95531

Hi Don, Interesting that while Lam is looking for leading tech business,Cohu mentioned that the back end has been so slow to add capex that older machines that were just getting put back farther to the rear of test houses.These old legacy ,have now become so old that the original makers of the test handlers were no longer in business and the old machines could no longer be supported. The future guidance of Cohu is also weak to poor with several growth areas resulting from the increased use of tablets and smartphones. Mems testing is a growing business resulting from these uses. I guess the one thing there is to be said for those surviving companies - is they have a greater future share of replacement business. The consolidation continues. Bob