BNET Industries
Market Cap:$4.8B
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
President
Stephen G. NewberryNumber of Employees 3,800
Peer Companies
NAICS Code All Other Industrial Machinery Manufacturing: 333298
Recent Events
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As Applied Materials Diversifies, Chips Emerge From Dip
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Applied Materials Set To Release Q4 Results
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Lam Research Q1 Profit Surges
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Todays Zacks Rank Momentum Buy: Western Digital Corp.
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Analyst Upgrades for October 13th
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David Moenning's Daily State of the Markets: Something For Everyone
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Applied Materials Posts Third Consecutive Loss
News & Analysis
Filter by
finance and lam research - All News and Analysis
Lam Research Q2 2009 Earnings Transcript
Question-and-Answer SessionOperator Thank you. Ladies and gentlemen, we will now begin the question and answer session. Operator Instructions. Please limit your self to one question and then requeue for additional questions. Our first question comes from the line of C.J. Muse with Barclays Capital. Please go ahead. C.J. Muse...
LAM Research Corp. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Please go ahead. Dr. Kumar from Credit Suisse. Satya Kumar - Credit Suisse Yeah, hi. Thanks, Steve. Given the unprecedented low levels of shipments, in the December quarter, I think it will be really useful first to know what is in that shipments, in terms...
Lam Research Corporation Receives Expected NASDAQ® Notice of Non-Compliance
FREMONT, Calif. -- Lam Research Corporation today announced that it is in receipt of an Additional Staff Determination letter from NASDAQ Staff dated February 5, 2008, advising Lam Research that it is not in compliance with the filing requirements for continued listing as set forth in NASDAQ Marketplace Rule 4310c(14)....
LAM Research (LRCX) SqueezeTrigger Price Is $29.45. Short Sellers Are Down Approximately $73 Million After Company Beats Earnings Estimates.
M2 PRESSWIRE-19 January 2006-BUYINS.NET: LAM Research LRCX SqueezeTrigger Price Is $29.45. Short Sellers Are Down Approximately $73 Million After Company Beats Earnings Estimates.C1994-2006 M2 COMMUNICATIONS LTD RDATE:19012006 www.buyins.net, announced today that the 5.51 million shares declared short on LAM Research...
LAM Research (LRCX) SqueezeTrigger Price Is $28.22. Short Sellers Down Approximately $31 Million After Earnings Surprise and Morgan Stanley Upgrade.
M2 PRESSWIRE-13 October 2005-BUYINS.NET: LAM Research LRCX SqueezeTrigger Price Is $28.22. Short Sellers Down Approximately $31 Million After Earnings Surprise and Morgan Stanley Upgrade.C1994-2005 M2 COMMUNICATIONS LTD RDATE:13102005 www.buyins.net, announced today that the 7.23 million shares declared short on LAM...
Novell and Lam Research Stocks Benefit from Upgrade.
M2 PRESSWIRE-24 January 2005-FNWU: Novell and Lam Research Stocks Benefit from UpgradeC1994-2005 M2 COMMUNICATIONS LTD RDATE:01242005 Market leaders reported on by Financial News USA. Novell Inc.'s (Nasdaq: NOVL) stock gained 5 percent on Friday, getting a boost from an upgrade and...
Stock Market Ratings by StockPickReport.com for iShares Russell 2000, Lam Research, GlobalSantaFe, Revlon and Lexmark International
Business Editors SHREVEPORT, La.--BUSINESS WIRE--May 2, 2004 StockPickReport.Com (IARD#119079) http://www.stockpickreport.com/bw.php makes these short-term stock recommendations: iShares Russell 2000 (AMEX:IWM) - SELL http://www.stockpickreport.com/ratingbw.php?sym=IWM Lam Research Corp (NASDAQ:LRCX) - SELL http://www.stockpickreport.com/ratingbw.php?sym=LRCX GlobalSantaFe Corporation (NYSE:GSF) - SELL http://www.stockpickreport.com/ratingbw.php?sym=GSF Revlon Inc (NYSE:REV) - SELL
New ratings on BP, Verisign, Allstate, Advanced Micro Devices, and Lam Research.
M2 PRESSWIRE-24 July 2002-StockPickReport.Com: New ratings on BP, Verisign, Allstate, Advanced Micro Devices, and Lam Research C1994-2002 M2 COMMUNICATIONS LTD RDATE:07242002 StockPickReport.Com (IARD#119079 - http://www.stockpickreport.com/?src=n3) makes these stock evaluations for the short term: Bp...
Lam soars; semi equipment stocks etch strong earnings.
M2 PRESSWIRE-21 January 2000-IBC: Lam soars; semi equipment stocks etch strong earnings C1994-2000 M2 COMMUNICATIONS LTD RDATE:20012000 Irvine, CA -- (www.ibchannel.com) -- IBC reported today that Lam Research Corporation soared to 152 up from 143 in after market trading ...
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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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