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

To: Duker who wrote (2628)	3/12/1999 7:06:00 PM
From: Jong Hyun Yoo	Read Replies (1) \| Respond to of 5867

My source tells me that there was a sale of seven 4520 XLE oxide etch systems to Hyundai recently. Even though this order was nice, this order is not substantial enough to make a big public announcement like Samsung order. What is more significant about this order is that Lam was able to make some progress into the oxide etch front. I think Lam is taking some market share at the expense of Tel. Expect no huge revenue increase from previous quarter for the current quarter even though there will be a revenue improvement. I think Bagley will put new orders to build as much as backlog as possible. More backlog is what it needs to have a higher gross margin and a better EPS. After the merger with LG and with a better PC outlook after this seasonal slowdown period, Hyundai will be more aggressive with new orders. Current order win shows that Hyundai is willing to use Lam's systems for the future capacity expansion. Hang in there. Before you know it, you will be worrying about when to sell.