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To: Donald Wennerstrom who wrote (80594)	7/26/2018 1:01:07 AM
From: Sam	2 Recommendations Recommended By Donald Wennerstrom oldbeachlvr Respond to of 95503

This used to happen with alarming frequency with Sandisk. At some point in August or Sept, some analyst would come out with a report that claimed that NAND pricing was weak, there was a developing glut and people had better sell. And sell they did. Later--usually at the next earnings report--Sandisk would report that there was no glut and all was OK. The stock would shoot back up again. That must have occurred at least three or four times. Of course, occasionally, the bear call was correct and the stock would sell off even more. I know that somewhere in 2012 or 2013, I think it was, I wrote a post or two showing how this had worked over the years. I'm too tired to try to find it now, maybe later, over the weekend if I get ambitious. IMHO, now that Sandisk is part of WDC, Micron has become the new Sandisk. A plaything for lovers of volatility.

To: Donald Wennerstrom who wrote (80594)	7/26/2018 3:47:19 AM
From: Elroy	Read Replies (2) \| Respond to of 95503

If anyone is paying attention, the little memory engine that could ... SIMO .... (it’s baaaack) is once again bouncing off of its all time high share price. It’s been up here twice before in the past 15 months, each time to stumble and disappoint and fall back about 15%. So....I think they report Q2 on Friday, and we’re waiting and waiting anD waiting for the decline in NAND memory prices combined with the increase in NAND production to drive increased client SSD adoption, and then!!! Well. That day never seems to come, but it remains on the horizon. SK said NAND price per bit declined by 9% in Q2; let’s hope that accelerates going forward. 10% of SIMO’s float is short. With shares at all time highs, they’re all in losing positions. Come Friday, bring the short crushin’ Good news. Nah, SIMO always guides conservatively, then if things are good beats handily. So......we probably gotta wait and see.

To: Donald Wennerstrom who wrote (80594)

7/26/2018 4:16:38 PM

From: Sam

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Read Replies (1) | Respond to of 95503

Too many earnings reports this afternoon. First reactions in the market: Lam and Intel are selling off somewhat while WDC is up to 78.

So far!

No time today to get into any of this any further though.

Lam Research Earnings: Stock Sags on Weak Outlook -- Barron's Blog
DOW JONES & COMPANY, INC. 4:30 PM ET 7/26/2018

Symbol Last Price Change

LRCX	177.26	+4.46 (+2.58%)
QUOTES AS OF 04:00:00 PM ET 07/26/2018

Chip equipment maker Lam Research(LRCX) this afternoon reported fiscal Q4 revenue and profit that comfortably topped analysts' expectations, but missed with its outlook for this quarter's results, sending its shares somewhat lower in late trading.

Lam stock has been under pressure of late, with lots of hand-wringing about the direction of the memory-chip market that has led to a dramatic rise in sales of the companies' equipment.

CEO Martin Anstice was upbeat, however, stating the year's results marked the "strongest fiscal year in our history."

Added Anstice, "Our forward-looking optimism is reinforced by the fundamental opportunity of silicon technologies, enabling a new generation of cognitive computing applications and services, combined with the expectation of sustainable investment by our customers, who in turn are pursuing inspiring and enhanced value creation agendas."

Revenue in the three months ended in June rose to $3.13 billion, yielding EPS of $5.31, excluding some costs.

Analysts had been modeling $3.06 billion and $4.94 per share in net income.

For the current quarter, the company sees revenue of $2.3 billion, plus or minus $150 million, and EPS of $3 to $3.40. That compares to consensus for $2.76 billion and $3.89 per share.

Lam expects its gross profit margin, moreover, to slip to 46%, give or take one percent, from 48% last quarter, on a non-GAAP basis.

Lam stock is down $4.52, or 2.5%, at $172.74.

More at Barron's Tech Trader Daily blog, barrons.com