Deutsche Bank Says Near-Term Outlook For Semiconductors Positive (LRCX, MTSN, KLAC, AMAT)

Deutsche Bank DB analysts met with the management of Lam Research LRCX, Mattson MTSN, KLA-Tencor KLAC, and Applied Materials AMAT yesterday. The companies told the analysts that fundamentals in the semiconductor industry remain strong going into the third quarter. Furthermore, management was very positive on the near-term outlook, although all had questions about how long the robust demand environment would last. The analysts wrote that "visibility is characterized as being good over the next three months, but quickly fades beyond that point. We believe that most companies anticipate 2H10 fundamentals will be as good, if not better that 1H10."