Sector Snap: Chip equipment makers fall
2010-03-16 01:24:10
Quote: slid $1.58, or 5.4 percent, to $27.87, and shares of Lam Research Corp. dropped $1.59, or 4.6 percent, to $32.67.Oppenheimer analyst Gary Hsueh cut his share price targets and earnings estimates at all three companies.He left his rating on Applied Materials at "Outperform" but downgraded KLA-Tencor to "Underperform" from "Perform" and Lam Research to "Perform" from "Outperform."Hsueh cut his share price target for Applied Materials to $17 from $20; for KLA-Tencor to $25 from $37; and for Lam to ...
Read articleUS STOCKS-Wall St ends flat as banks rebound late
2010-03-16 01:24:09
Keywords: United States of America,Equities,Major Breaking News,Financials,Banks (industry group),Coal,Energy and Resources,Multiline utilities,Utilities,Semiconductor equipment,Machinery,Semiconductor equipment and products,Semiconductors,Telecommunication service
Quote: [ID:nN15169210] Semiconductors were a drag on the Nasdaq as analysts
lowered their ratings on several chip stocks, including
downgrades of Lam Research Corp (LRCX.O) and KLA-Tencor Corp
(KLAC.O) by Oppenheimer and a Barclays cut of Atheros
Communications Inc (ATHR.O). The PHLX Semiconductor index shed
1.4 percent. Lam Research dropped 4.6 percent to $32.68, KLA-Tencor fell
4.6 percent to $28.09 and Atheros declined 4.1 percent to
$35.69. Wal-Mart Stores Inc (WMT.N) was the top boost to the Dow,
...
Read articleWorlwide Data Traffic To Increase 40% Year-to-Year: What Are Implications For SemiCon Sector?
2010-03-12 03:18:56
Quote: (AATI); Alcatel-Lucent (ALU); Apple (AAPL); Atheros (ATHR); Broadcom (BRCM); CEVA (CEVA); Cavium (CAVM); Cisco (CSCO); FFIV (FFIV); Google (GOOG); Intel (INTC); Juniper (JNPR); Lam Research (LRCX); MIPS (MIPS); Marvell (MRVL); Mediatek (2454.TW); Micron (MU); and many more.In the following brief excerpt from the 29 page report, Anil Doradla discusses the outlook for the Semiconductor sector and for investors.
Anil Doradla joined William Blair & Company in 2008 as an Analyst covering communicatio...
Read articleWorlwide Data Traffic To Increase 40% Year-to-Year: What Are Implications For SemiCon Sector?
2010-03-09 01:34:04
Quote: (AATI); Alcatel-Lucent (ALU); Apple (AAPL); Atheros (ATHR); Broadcom (BRCM); CEVA (CEVA); Cavium (CAVM); Cisco (CSCO); FFIV (FFIV); Google (GOOG); Intel (INTC); Juniper (JNPR); Lam Research (LRCX); MIPS (MIPS); Marvell (MRVL); Mediatek (2454.TW); Micron (MU); and many more.In the following brief excerpt from the 29 page report, Anil Doradla discusses the outlook for the Semiconductor sector and for investors.
Anil Doradla joined William Blair & Company in 2008 as an Analyst covering communicatio...
Read articleUpcycle For Most Of 2010 Predicted For SemiCon Sector; Inventory Levels Remain At Historic Lows
2010-03-01 09:03:23
Quote: (AATI); Alcatel-Lucent (ALU); Apple (AAPL); Atheros (ATHR); Broadcom (BRCM); CEVA (CEVA); Cavium (CAVM); Cisco (CSCO); FFIV (FFIV); Google (GOOG); Intel (INTC); Juniper (JNPR); Lam Research (LRCX); MIPS (MIPS); Marvell (MRVL); and many more.In the following brief excerpt from the 29 page report, Tristan Gerra discusses the outlook for the Semiconductor sector and for investors.
Tristan Gerra is Robert W. Baird's Senior Analyst covering semiconductors. During 2004 he was selected for Institutiona...
Read articleUpcycle For Most Of 2010 Predicted For SemiCon Sector; Inventory Levels Remain At Historic Lows
2010-02-24 03:56:42
Quote: (AATI); Alcatel-Lucent (ALU); Apple (AAPL); Atheros (ATHR); Broadcom (BRCM); CEVA (CEVA); Cavium (CAVM); Cisco (CSCO); FFIV (FFIV); Google (GOOG); Intel (INTC); Juniper (JNPR); Lam Research (LRCX); MIPS (MIPS); Marvell (MRVL); and many more.In the following brief excerpt from the 29 page report, Tristan Gerra discusses the outlook for the Semiconductor sector and for investors.
Tristan Gerra is Robert W. Baird's Senior Analyst covering semiconductors. During 2004 he was selected for Institutiona...
Read articleLAM RESEARCH CORP Files SEC form 8-K, Change in Directors or Principal Officers
2010-02-08 06:12:52
Quote: Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(e) Compensatory Arrangements of Certain Officers
Adoption of Annual Incentive Program Performance Goals for Calendar Year 2010
The Compensation Committee (the "Committee") of the Board of Directors (the
"Board") of Lam Research Corporation (the "Company") established performance
objectives for the first six ...
Read articleLAM RESEARCH CORP Files SEC form 8-K, Other Events
2010-02-05 07:26:10
Quote: Other Events
On February 2, 2010, the Board of Directors of Lam Research Corporation (the
"Company") authorized the resumption of repurchases of the Company's common
stock from the public market or in private purchases. Repurchases are expected
to be made only in the amounts necessary to offset dilution resulting from the
Company's equity compensation plans. Repurchases will be made under the
repurchase program previously approved by the Board of Directors in September,
2008; repurcha...
Read articleQ2 2010 Lam Research Earnings Release - Time Not Supplied
2010-01-28 02:32:13
Quote: Sanfilippo & SonJBSSN/AAfter Market CloseAddListenJUPITER TELECOMMUNICATIONS LTDJUPIF.PKN/A9:00 pm ETAddKirbyKEX0.66:00 pm ETAddKnight TransportationKNX0.16After Market CloseAddLam ResearchLRCX0.4Time Not SuppliedAddListenLANCO INFRATECH LTDLITL.BON/ATime Not SuppliedAddLandstar SystemLSTR0.41After Market CloseAddLeCroy CorporationLCRY0.08Before Market OpenAddListenLEGACY BANCORP INCLEGC0.055:00 pm ETAddLSI CorporationLSI0.11After Market CloseAddListenMainSource Financial GroupMSFG0.04After ...
Read articleLam Research Corporation Announces Financial Results for the Quarter Ended December 27, 2009
2010-01-28 02:32:12
Quote: LRCXNewsLam Research Corporation today announced financial results for thequarter ended December 27, 2009. Revenue for the period was$487.2 million, gross margin was $223.2 million and net income was $69.6million, or $0.54 per diluted share, compared to revenue of$318.5 million, gross margin of $136.8 million and net income of$16.8 million, or $0.13 per diluted share, for the September 2009quarter. Shipments for the December 2009 quarter were $519 millioncompared to $355 ...
Read articleLam Research swings to profit
2010-01-28 02:32:11
Keywords: , LRCX, Lam Research Corporation
Quote: SAN FRANCISCO (MarketWatch) - Lam Research Corp./quotes/comstock/15*!lrcx/quotes/nls/lrcx(LRCX35.54,+0.54,+1.54%) on Wednesday reported a profit of $69.6 million, or 54 cents a share, for its December quarter, compared with a loss of $24.2 million, or 19 cents a share, for the year-earlier period. Revenue was $487.2 million, up from $283.4 million, in the same quarter the previous year. The company reported ongoing net income of $60.7 million, or 47 cents a share. Analysts had expected the semic...
Read articleLAM RESEARCH CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibit
2010-01-28 02:32:11
Quote: Results of Operations and Financial Condition
On January 27, 2010, Lam Research Corporation (the "Company") issued a press
release announcing its financial results for the fiscal quarter ended
December 27, 2009, the text of which is attached hereto as Exhibit 99.1.
The information in this Current Report on Form 8-K, including the exhibit, is
furnished pursuant to Item 2.02 and shall not be deemed "filed" for the purposes
of Section 18 of the Securities Exchange Act of 1934, ...
Read articleLam Research moves to 2Q profit, sales soar
2010-01-28 02:32:10
Quote: (AP) -- Lam Research Corp., which makes equipment for the semiconductor industry, said Wednesday it moved to a fiscal second-quarter profit as shipments and revenue improved.For the three months ended Dec. 27, the company earned $69.6 million, or 54 cents per share, up from a loss of $24.2 million, or 19 cents per share, in the same period a year earlier.Adjusted earnings were 47 cents per share in the latest quarter.Revenue surged 72 percent to $487.2 million from $283.4 million.Analysts, on av...
Read articleLAM Research Corp. F2Q10 (Qtr End 12/27/09) Earnings Call Transcript
2010-01-28 02:32:09
Quote: LAM Research Corp. (LRCX)
F2Q10 (Qtr End 12/27/09) Earnings Call
January 27, 2010 05:00 pm ET
Executives
Carol Raeburn - Managing Director of Investor Relations
Steve Newberry - President and CEO
Ernie Maddock - SVP and CFO
Analysts
Patrick Ho - Stifel Nicolaus
Jim Covello - Goldman Sachs
Satya Kumar - Credit Suisse
Gary Hseuh - Oppenheimer & Company
Stephen Chin - UBS
CJ Muse - Barclays Capital
Edwin Mok - Needham & Company
Timothy Arcuri - Citigroup
Krish Sankar - Banc of America M...
Read articleUPDATE - Lam Research Q2 results beat Street, sees strong Q3
2010-01-28 02:32:09
Keywords: United States of America,Corporate Results,Corporate Results Forecasts,Semiconductors,Semiconductors and semiconductor equipment,Semiconductor equipment and products,Technology,Machinery,Household durables,Consumer electronics,Emerging countries,Korean Re
Quote: UPDATE 2-Lam Research Q2 results beat Street, sees strong Q3
* Q2 adj EPS of 47 cents beat estimates by 7 cents * Q2 revenue jumps 72 pct, beats Street view * Q3 sales view above estimates * Sees rev growing faster than industry * Shares rise 4 pct after the bell(Adds outlook from conference call, updates share movement) BANGALORE, Jan 27 (Reuters) - Chip gear maker Lam Research
Corp (LRCX.O) posted quarterly results that beat Wall Street
expectations on better margins and strong shipments, and
...
Read articleDecember Quarter 2009 Financial Results Call scheduled for Wed, Jan 27
2010-01-27 01:54:56
Quote: Call DetailsDecember Quarter 2009 Financial Results ConferenceScheduled
to start Wed, Jan 27, 2010, 5:00 pm EasternAbout Lam Research CorporationLRCX)Lam Research Corporation engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. It offers etch products, including dielectric; conductor; micro-electromechanical systems and deep silicon; and three-dimensional integrated circuits, which are used in etching pro...
Read articleAnalyst: Lam Research winning more business
2010-01-12 03:54:21
Quote: NEW YORK (AP) -- Lam Research Corp. is gaining market share and should have a better read on what sales will be in 2010, said an analyst who upgraded the stock Monday.UBS analyst Stephen Chin hiked the shares to "Buy" from "Neutral" and raised his price target to $46 from $40.Chin said his checks show Lam lined up enough orders during the last three months of the year to project shipments will climb 15 percent quarter-over-quarter in the periods ending in March and June. And he added that full-y...
Read articleChipmaker Sees Options Upside After a Strong Sector Report
2009-12-03 02:19:59
Quote: ___________________________Applied Materials Competes With: KLA-Tencor [KLAC Loading...   () ]Lam Research [LRCX Loading...   () ]___________________________Options Trading School:______________________________________________________Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.___________________________Disclaimer...
Read articleLAM RESEARCH CORP Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles of Inc. or By
2009-11-30 08:07:00
Quote: Harris retired from his position as a director of
Lam Research Corporation (the "Company"), effective immediately prior to the
Company's 2009 Annual Meeting of Stockholders on November 5, 2009.
(e) Compensatory Arrangements of Certain Officers.
Reversal of Reduction in Base Salaries
In February 2009, the base salaries for each of the Company's named executive
officers were reduced by 10-17.5% (depending on position level) in conjunction
with a company-wide employee salary reduction p...
Read article