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Tuesday, May 20, 2008

Lam Research (LRCX) comments at JPMorgan

They think shipments are lousy this q and flat next q and that orders and shipments start to pick up after that... so they're calling a bottom also, like Applied Materials (AMAT) did the other day.

Semicap investors will like this kind of talk. I wish the stock were in the mid to high 30s instead of over 40 but it probably drifts higher on the comments... especially in light of the further rise in DRAM contract [+3 to 5%] for 2H May posted DRAMexchange.

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