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

To: Kirk © who wrote (1717)	1/9/1998 5:22:00 PM
From: Proud_Infidel	Respond to of 5867

Re: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. I'll believe it when I see it. Too many MM's are yong 20-somethings who have only known KO or G as a stock with a 40+ p/e and with a steady earnings stream. JMO, but a steady earnings stream does not obviate the need for fundamental analysis. IMO, cos. like AMAT, Lam et al. should be trading at higher valuations since on average, their eps growth should approximately double that of KO or most of the other Nifty-Fifty's. But too many people on WS have never seen Ko with a p/e of 14. It looks strange just typing it. The day that occurs though, I am afraid that it will bring Lam and the others down even if we are trading at these ridiculously low levels. This too shall pass. Hopefully before I suffer a heart attack<G> Regards, Brian