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

To: Proud_Infidel who wrote (1772)	2/3/1998 12:58:00 PM
From: uu	Respond to of 5867

:Prudential initiated coverage of the following semis with a BUY rating: LSI. ALTR,, INTC, XLNX. Perhaps that is why we see a strength in the semi equipment stocks (AMAT, LRCX, TER). From valuation point LRCX has a price to sales ratio of under 1 (at around 0.7), and is trading 1.2 times its book value. Unless there is something really really wrong I think LRCX is perhaps one of the cheapest (if not "The cheapest") semi stocks around. Can anyone please tell me what is wrong here?! I am very much inclined to buy a bunch of shares at the current prices (even though the stock has already jumped by about $2 just today), but would like to know what are the negatives I am overlooking (besides of course the Asian problem). Regards, Addi Jamshidi