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

To: Stock Watcher who wrote (1715)	1/9/1998 4:50:00 PM
From: davesd	Read Replies (1) \| Respond to of 5867

Stock Watcher.....I think you are wrong when you say that the company dosen't care about the stock price.....you have to remember that lots of folks within the company have stock options....if they are worthless....employees have little insentive to stay if they are offered another job elsewhere. Plus it's not good for employee moral in general. dave

To: Stock Watcher who wrote (1715)	1/9/1998 5:01:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 5867

You make good points. I think the "day of reconning" will come when we have a real bear market and COKE falls to reasonable valuations and AMAT/LRCX falls alot less sincethey are already there....unless they have a run up on overexcitement about the future (300mm as we had). 14% interest -> p/e 7 6% interest -> p/e 21 4% interest -> p/e 23??? who knows? Get too far out of whack for a given interest rate and you are subject to getting hammered on a correction. Coke, DIS, razor blades, et. al. will not be immune. Kirk out suite101.com

To: Stock Watcher who wrote (1715)	1/9/1998 5:15:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5867

Re:Lam, like virtually, every other listed company has consistently reinforced this attitude by ignoring individual analyst's downgrades and ignoring turmoils like Asia. I think it is unfair to say management does not hold the shareholders best interest in hand because they are not coming out with guidance to reassure them at this time. Right now, things are very opaque when it comes to looking 6 months down the road. Neither AMAT nor INTC nor CSCO..... has come out to try to reassure their investors. How can they when they don't know themselves? If they do come out with guidance at this time and fall short next quarter, I think it's safe to say there'll be a shareholder lawsuit. Using this line of thinking, you could argue that no guidance is actually in the best interests of shareholders at the moment, since doing so could prevent costly litigation. I believe this to be true somewhat since most of the panicking is currently being done by institutional money. We have all been presented an opportunity; it's just some of us are better positioned to take advantage of it. Regards, Brian