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

To: Duker who wrote (2056)	9/2/1998 4:49:00 PM
From: uu	Read Replies (3) \| Respond to of 5867

I am thinking of picking up some LRCX strictly based on valuations. I appreciate it if someone can please tell me if there is anything wrong with the following picture, or if I am missing something: 1. According to yahoo the current book value is at $15/shr, and yet the stock is selling at $11/shr (i.e. about 25% below book value). 2. The stock is selling at half its revenue (i.e. P/S is at around $0.4). 3. The company is in a cyclical industry that when (and not if) things turn up has a huge upside potential (unless I am missing something). Can someone please tell me what is wrong with above? Surely if I know the above facts how come none of the big guys/experts are acting upon it?! Regards, Addi Jamshidi