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Stocks L / Lam Research Corporation


Subject:  Overreaction Date:  1/18/2007  11:36 PM
Author:  SmallKap Number:  139 of 156

What happened today to LRCX was totally irrational and a complete overreaction. The companies long-term growth potential is still very good. Market share in etch is up and growing, new products and new applications are coming in 2007, overall semiconductor spending is not dropping significantly. I think this company is clearly well positioned as one of the best (if not THE best) in the equipment sector.

This company should not have a P/E = 12.

If this thing goes to $45, I think it is a great deal.

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