BNET Industries

Lam Research

(LRCX) is in the Manufacturing Industry

Market Cap:$4.3B
Last Fiscal Year Sales:$2.4B
  • Public
  • US
Dow Jones Description

Semiconductor Processing Equipment Used in the Fabrication of Integrated Circuits Designer, Mfr, Marketer & Servicer

Number of Employees 3,800
Contact Information

4650 Cushing Pkwy

Fremont, California 94538

www.lamrc.com

(510) 572-0200

NAICS Code All Other Industrial Machinery Manufacturing: 333298

Recent Events

  • As Applied Materials Diversifies, Chips Emerge From Dip

    11/16/09 - Merger / Acquisition - View Story

  • Applied Materials Set To Release Q4 Results

    11/11/09 - Financial Announcement - View Story

  • Lam Research Q1 Profit Surges

    10/21/09 - Bond / Stock Rating - View Story

  • Todays Zacks Rank Momentum Buy: Western Digital Corp.

    11/02/09 - Financial Announcement - View Story

  • Analyst Upgrades for October 13th

    10/13/09 - Bond / Stock Rating - View Story

  • David Moenning's Daily State of the Markets: Something For Everyone

    9/08/09 - Bond / Stock Rating - View Story

  • Altera: Analysts' Upgrades, Downgrades

    9/08/09 - Bond / Stock Rating - View Story

  • Applied Materials Posts Third Consecutive Loss

    8/11/09 - Financial Announcement - View Story

News & Analysis

chip and lam research - All News and Analysis

  • Lam Research: First Insider Purchase in Many years

    Seeking Alpha - 2008-08-07

    Kirk Lindstrom submits: Martin B Anstice, Chief Financial Officer CFO at Lam Research LRCX charts just purchased half a million dollars of his company stock. Nobody should know the financial condition of a company better than its CFO. When a CFO buys a significant number of shares, people should pay...

    Tags: Chip, Lam Research

Decision Makers

Name (plus bio) Position
Stephen G. Newberry President
Ernest E. Maddock Senior Vice President & Chief Financial Officer
Martin Anstice Executive Vice President & Chief Operating Officer
Nicolas J. Bright Executive Vice President, Reg Business & Global Prod
Abdi Hariri Vice President
Steven A. Lindsay Group Vice President, Global Sales & Corp Marketing
Carol Raeburn Senior Director, Ir
Shawn Lynch Manager, Corp Relations
Chet Harmer
Elton Peace
George Clute
Ken Krenzin Systems Analyst
Mark Drummond Field Service Engineer
Mark Freseman
Grant M. Inman Director
Jack R. Harris Director
Richard J. Elkus Jr. Director
Norman Fogelsong Investor

Board of Directors

Name (plus bio) Position
James W. Bagley Executive Chairman of Board of Directors
Catherine P. Lego Board of Directors
David G. Arscott Board of Directors
Patricia S. Wolpert Board of Directors
Robert M. Berdahl Board of Directors
Seiichi Watanabe Board of Directors

Stephen G. Newberry was appointed president and chief executive officer of Lam Research in June 2005. He joined Lam Research in August 1997 as executive vice president and chief operating officer and was promoted to the position of president and chief operating officer in July 1998. Mr. Newberry currently serves as a director of Lam Research, Amkor Technology, and SEMI, the industry's trade association. Prior to joining Lam Research, Mr. Newberry was group vice president of global operations and planning at Applied Materials, Inc. During his 17 years at Applied Materials, he held various positions of increasing responsibility including assignments in manufacturing, product development, sales and marketing, and customer service. Mr. Newberry served five years in naval aviation prior to joining Applied Materials. He is a graduate of the U.S. Naval Academy and the Harvard Graduate School of Business.

Organization Position Status
Lam Research Corporation President Current
Lam Research Corporation Chief Executive Officer Current
Nextest Systems Corp. Director Current
Lam Research Corporation Board of Directors Current
Lam Research Corporation Chief Operating Officer Former
Lam Research Corporation Executive Vice President Former
United States Naval Academy Graduate Former

Ernest E. Maddock was appointed senior vice president and chief financial officer of Lam Research in September 2008. Additionally, Mr. Maddock heads Bullen Semiconductor, a division of Lam Research. Since October 2003, Mr. Maddock held the position of senior vice president of Global Operations at Lam Research, overseeing Information Technology, Global Supply Chain, Production Operations, Corporate Quality, Global Security, and Global Real Estate & Facilities. Mr. Maddock also held the position of vice president of the Customer Support Business Group (CSBG) with the Company. Mr. Maddock joined the Company in November 1997. Prior to his employment with Lam Research, Mr. Maddock was managing director, Global Logistics and Repair Services Operations, and chief financial officer, Software Products Division, of NCR Corporation. He has also held a variety of executive roles in finance and operations in several industries ranging from commercial real estate to telecommunications.

Organization Position Status
Lam Research Corporation Senior Vice President & Chief Financial Officer Current
NCR Corporation Chief Financial Officer, Software Products Division Former
Lam Research Corporation Vice President, Customer Support Business Group (CSBG) Former
NCR Corporation Managing Director, Global Logistics and Repair Services Operations Former
Lam Research Corporation Senior Vice President, Global Operations Former

Martin Anstice was appointed executive vice president and chief operating officer of Lam Research in September 2008. Mr. Anstice joined Lam Research in April 2001 as senior director, operations controller. He was promoted to the position of managing director and corporate controller in May 2002, and was promoted to chief financial officer in June 2004. Mr. Anstice began his career at Raychem Corporation where, during his 13-year tenure, he held numerous finance roles of increasing responsibility in Europe and North America. After Tyco International, Ltd., acquired Raychem in 1999, Mr. Anstice assumed responsibility for supporting mergers and acquisitions at Tyco Electronics Corporation. Mr. Anstice is an associate member of the Chartered Institute of Management Accountants in the United Kingdom.

Organization Position Status
Lam Research Corporation Executive Vice President & Chief Operating Officer Current
Lam Research Corporation Chief Financial Officer Former
Lam Research Corporation Senior Director, Operations Controller Former
Lam Research Corporation Managing Director and Corporate Controller Former
Raychem Finance Roles, Europe and North America Former

Organization Position Status
Lam Research Corporation Executive Vice President, Reg Business & Global Prod Current

Organization Position Status
Lam Research Corporation Vice President Current
Lam Research Corporation General Manager, Customer Support Business Group Current
Siliconix Incorporated Process Engineer Former
Stanford University Masters Degree In Chemical Engineering Former

Organization Position Status
Lam Research Corporation Group Vice President, Global Sales & Corp Marketing Current

Organization Position Status
Lam Research Corporation Senior Director, Ir Current

Organization Position Status
Lam Research Corporation Manager, Corp Relations Current

Chet has 30 years of work experience in the areas of process improvement and financial management. He has Bachelors and Masters Degrees in Accounting as well as the Certified Public Accountant (CPA) designation. He has held management positions at KPMG Peat Marwick, Coopers & Lybrand and Hewlett Packard Co. During the past three years he has been a key consultant-trainer in assisting GE Capital in the implementation of their Six Sigma Quality Initiative which resulted in more than $300 million of increased profits during that period. Currently he is working with Applied Material and Lam Research in their supplier development initiatives.

Organization Position Status
Lam Research Corporation Current
Chet Harmer & Associates Current

Elton has 23 years' experience in the semiconductor manufacturing industry and has worked at Lam Research for 13 years. Asked for his reasons for becoming part of the Metryx Advisory team, Elton comments: "Metryx has truly unique measurement technology and offers production solutions to metrology problems which cannot be solved by any other techniques. I am thrilled to be able to offer my assistance and experience to what I believe will be a very successful company".

Organization Position Status
Lam Research Corporation Current
Metryx, Limited Board of Directors Current

George has over 25 years' experience in the development and financing of emerging growth companies, primarily located in the northwestern United States. He is a founding general partner of OVP Venture Partners (Seattle), the leading institutional venture capital fund based in the northwestern United States with committed capital exceeding US$500 million. Prior experience includes corporate finance and corporate banking positions with The First National Bank of Chicago, Rainier National Bank and with a large equity hedge fund involved in a wide range of investments. George has been involved in the financing of over 200 companies. Historical company involvement includes the following: Advanced Technology Laboratories (acquired); @Mobile (acquired); Coinstar, Inc. (NASDAQ); Data I/O (NASDAQ); Delrina (NASDAQ); Lam Research (NASDAQ); Laserscope (NASDAQ); Logic Automation (acquired); and Xilinx (NASDAQ). George is a past director of numerous companies including Foundstone, Inc. and the Washington Software Alliance and is currently a director of Isothermal Systems Research, Inc. George received his AB and MBA from UCLA.

Organization Position Status
Banyan Capital Partners Managing Director Current
OVP Venture Partners General Partner Current
Foundstone Past Director Current
Data I/O Corporation Current
Coinstar, Inc. Current
The First National Bank of Chicago Current
Lam Research Corporation Current
Spraycool Current
Laserscope Current
Xilinx, Inc. Current
Isothermal Systems Research, Inc. Director Current
University of California, Los Angeles MBA Former
University of California, Los Angeles Ab Former

Organization Position Status
Lam Research Corporation Systems Analyst Current
Run America Systems Analyst With Lam Research Current

Mark Drummond also joined Positive Energy as an owner in August of 2004. He has been a hobbyist in photovoltaic technology since he was attracted to renewable energy and sustainable development concepts in the late 80's. Mark earned a Bachelor's degree in Electronics Engineering Technology from DeVry University in 1994 with the hopes of working with PV systems as a career. Because the solar industry was not developed enough to offer gainful employment at the time he graduated, he opted for employment in the semiconductor industry. After working as a Field Service Engineer for Lam Research for eight years, the economic downturn led to the loss of his job, and the opportunity to seek employment doing what he always wanted to do. Mark moved himself and his family to Farmington, New Mexico in the summer of 2003 to complete the Renewable Energy Certificate program at San Juan College. Mark has since become a NABCEP certified PV installer and is working on becoming a residential electrical jorneyman.

Organization Position Status
Positive Energy Owner Current
Lam Research Corporation Field Service Engineer Current
Devry University Bachelor - Electronics Engineering Technology Former

Over 20 years industry experience, including process research and development and software and controls engineering as VP of Engineering and Technology for Timbre Technologies (a TEL company), and Senior Director of Software/Controls for Speedfam-IPEC. Mark holds patents in both the software and process controls area and has architected and developed software and control systems for numerous OEM manufacturers including: Advanced Logical Solutions, Ilex, Ontrak, Lam Research, Peak Systems and Gasonics/IPC.

Organization Position Status
Tetra Systems Solutions Incorporated Chief Executive Officer, President, and Founder Current
Lam Research Corporation Current
Advanced Logical Solutions, Inc. Current
Ontrak Current

Organization Position Status
Ontrak Chief Executive Officer Current
Ontrak Chairman, Board Current
Teradyne, Inc. Executive Chairman Current
Lam Research Corporation Executive Chairman of Board of Directors Current
Micron Technology, Inc. Director Current
Applied Materials, Inc. Vice Chairman Current
Lam Research Corporation Chief Executive Officer Former
Applied Materials, Inc. President and Chief Operating Officer Former
Micron Technology, Inc. Executive Chairman Former
Lam Research Corporation Director Former
Mississippi State University MS Former
Mississippi State University Bachelor of Science Former

Catherine P. Lego is Managing Partner of The Photonics Fund. Ms. Lego brings to her portfolio companies her expertise in the telecommunications field, as well as financial and corporate management skills, gathered during her two decades of involvement in venture investing. Prior to forming The Photonics Fund, Ms. Lego established Lego Ventures in 1992 to provide consulting services to early stage electronic companies by helping them develop business plans, obtain seed and expansion financing and support strategic growth through mergers and acquisitions. During this time, she was a consultant and member of the board of directors of Uniphase Corporation until it was merged with JDSFitel in July 1999. From 1981 through 1992 she was a General Partner at Oak Investment Partners, and focused her investing in the telecommunications, semiconductor and semiconductor equipment markets. Ms. Lego invested in and advised a number of technology companies including MicroLinear, Vitesse, AMCC, Vitelic, WSi and SanDisk. Prior to Oak, Ms. Lego was a CPA with Coopers and Lybrand for three years. She received her M.S. from NY University School of Business in 1979 and her B.A. from Williams College in 1978. Ms. Lego currently sits on the Boards of Directors of SanDisk Corp. and two private photonics companies, Phaethon Communications and Tsunami Optics.

Organization Position Status
Tsunami Optics Board of Directors Current
M-Systems Board of Directors Current
WAV, Inc. Director Current
Stratalight Communications Board of Directors Current
Fsona Systems, Ltd. Board of Directors Current
WJ Communications Incorporated Board of Directors Current
SanDisk Corporation Board Member Current
Oak Investment Partners General Partner Former
New York University M.S. In Accounting Former
Williams College B.A. Former

David has spent his entire professional career investing in private and public technology companies. In 1968, he joined the group which became Citicorp Venture Capital Limited ("CVC") in New York. He established CVC's West Coast Office in 1973 which served as the focus of CVC's investing activities in the western United States for over 15 years. In 1988, David formed Compass Management Partners ("CMP"), which in turn organized Compass Technology Partners and Compass Technology Group.

Organization Position Status
Fundingpost.Com Managing Director, Compass Technology Partners Current
Douglas Wilson Companies Associate Director Workout Division Current
Lam Research Corporation Board of Directors Current
Starvox Corporation Director Current
Toolwire, Inc. Director Current
Compass Technology Partners founder Former
Iomega Corporation founder Former
Citicorp Venture Capital, Ltd. Founder Former
Citicorp Venture Capital, Ltd. team member Former
University of Michigan MBA, Finance Former
The College of Wooster B.A. degree in History and Economics Former

Mr. Inman became a director of Wind River in June 1999. He is the founder and General Partner of Inman Investment Management, a private venture capital investment company formed in 1998. Prior to 1998, he cofounded and was General Partner of Inman & Bowman, a venture capital firm formed in 1985. Mr. Inman serves as a director of Lam Research Corporation, a semiconductor equipment manufacturer, and Paychex, Inc., a payroll and human resources outsourcing services company; and he is a trustee of the University of California, Berkeley Foundation. Mr. Inman holds a BA in economics from the University of Oregon and an MBA from the University of California, Berkeley.

Organization Position Status
Mizi Research, Inc. President, Inman Investment Management Current
Outlook Ventures Founder, Inman Investment Management Current
Granite Creek Capital General Partner, Inman Investment Management Current
Paychex, Inc. General Partner of Inman Investment Management Current
Wind River Systems, Inc. General Partner, Inman Investment Mgmt Current
University of Oregon Board of Directors Current
Outlook Ventures Board of Directors Current
Automotive Devices Solution Board of Directors Current
Paychex, Inc. Director Current
Wind River Systems, Inc. Board of Directors Current
Mizi Research, Inc. Board of Directors Current
University of California Board of Directors Current
Lam Research Corporation Director Current
University of California Trustee Current
University of California, Berkeley MBA Former
University of Oregon BA In Economics Former

Jack Harris has more than 35 years of experience in the semiconductor and semiconductor equipment industries. He is currently chairman and a director of Innovative Robotics Solutions and of HT, Inc. For the past 19 years, he has served as a director of Lam Research and continues to serve as a director of the Krannert School of Management at Purdue University. Previously, Mr. Harris served as chief executive officer of Cobilt, Acrian and OSI.

Organization Position Status
Lam Research Corporation Director Current
Metara, Inc Board of Directors Current
Purdue University Director Former

Organization Position Status
Lam Research Corporation Board of Directors Current

Organization Position Status
Lam Research Corporation Director Current
KLA-Tencor Corporation Board of Directors Current
Cameca Instruments Board of Directors Current
Sopra Sa Director Current
Virage Logic Corporation Director Current
The Scripps Research Institute Director Current
Virage Logic Corporation Chairman Former
Dartmouth College M.B.A. Former
Stanford University B.S. Former

Organization Position Status
Lam Research Corporation Board of Directors Current

Organization Position Status
Sony Corporation Advisor Current
Lam Research Corporation Board of Directors Current

Organization Position Status
International Venture Partners, Inc. General Partner Current
Cortina Systems Corporation Board of Directors Current
Genentech, Inc. Venture Investor Current
Verisity, Ltd. Venture Investor Current
Aspect Software, Inc. Investor Current
3Com Corporation Venture Investor Current
Cypress Semiconductor Corporation Venture Investor Current
Silicon Graphics, Inc. Venture Investor Current
Artisan Components, Inc. Investor Current
WebEx Communications, Inc. Venture Investor Current
MIPS Technologies, Inc. Venture Investor Current
LSI Corporation Venture Investor Current
Applied Biosystems Group Venture Investor Current
Dust Networks Venture Investor Current
Linear Technology Corp. Venture Investor Current
SupportSoft, Inc. Venture Investor Current
Concur Technologies, Inc. Investor Current
Compaq Computers Investor Current
Websense Inc. Investor Current
Lam Research Corporation Investor Current
Polycom, Inc. Investor Current
Motion Computing, Inc. Investor Current
@Road, Inc. Venture Investor Current
Amgen Inc. Venture Investor Current
Quantum Corporation Venture Investor Current
Digital River, Inc. Venture Investor Current
Institutional Venture Partners General Partner Former
Hewlett-Packard Company computer programmer Former
McKinsey & Company, Inc. management consultant Former
Stanford University Board Member Former
Harvard Law School J.D Former
Harvard Business School M.B.A Former
Stanford University B.S. degree in Management Science & Engineering Former
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     LRCX $34.49 -0.46 (-1.32% )
Average Volume 2,551,570
Shares Outstanding 127.25M
Market Cap 4.4B
Year High 38.51
Year Low 18.24
Earnings Per Share -2.35
P/E Ratio -14.68
Dividend N/A
Yield N/A
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