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

To: SMALL FRY who wrote (1802)	2/13/1998 4:33:00 AM
From: Wes	Read Replies (1) \| Respond to of 5867

I am not so sure that the moves Lam announced today are a part of a strategic realignment that will result in a better future for the company. It almost seems that Lam was forced into these moves, to abandon a sound and necessary strategy, because the Asian crisis has taken the final toll on an already frail company. I say this because, as has been noted (including on this thread), Lam's survival and turnaround depends on its ability to broaden its product offering (to compete with the likes of AMAT). To abruptly turn around from this strategy signifies that something is very wrong; the company is in even worse shape than thought. To be sure, Lam still has great technology in dry etch. But that is not going to be enough to make it a competitive semi-equipment provider. It would seem the Lam's technology would be best harnessed if it merged with another company, especially since its market value is so low compared with the others. Wes

To: SMALL FRY who wrote (1802)	2/13/1998 8:46:00 AM
From: Proud_Infidel	Read Replies (3) \| Respond to of 5867

ReI wouldn't count this company out just yet. They've just had an influx/migration of new blood from other cos, some notably good people from AMAT, and I have a feeling that the exit from flat panel and Thermal CVD came with a lot of guidance from those in the know. Why swim upstream? I have a feeling that this redirection will be for the better. SF, I couldn't have said it better. I am very bullish on Lam going forward. More so than AMAT in terms of % price appreciation from these levels(and new ones to be established even lower I am sure). The top guns at AMAT did not jump ship to land on a sinking boat. They have vested interests in seeing this company profitable(Read: stock options). Lam has some excellent technology under its belt but is simply facing hard times as everyone else in the industry is at the current time. It's waaaaay too soon to count anyone out, esp. Bagley & Co. Will be buying more in a few weeks. Regards, Brian