Lam Research (LRCX, NASDAQ): To the Insiders Message Board

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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 159.13

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3:59 PM EST

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To: etchmeister who wrote (5550)	10/10/2006 7:35:31 PM
From: Proud_Infidel	Read Replies (1) of 5867

Lam Buys Bullen Assets for $175 Million Tuesday October 10, 5:45 pm ET Lam Research Buys Bullen Ultrasonics Fabrication Assets for $175 Million FREMONT, Calif. (AP) -- Semiconductor-manufacturing equipment maker Lam Research Corp. said Tuesday it agreed to buy certain assets from Eaton, Ohio-based Bullen Ultrasonics for $175 million in cash. Under the terms of the agreement, Lam will buy Bullen's fabrication and silicon growing assets, which will become Bullen Semiconductor. It will operate as a division of Lam. Bullen Ultrasonics' other business, in which it operates as a supplier of machining fabrication services, will continue to operate under the Bullen Ultrasonics name. The transaction is expected to close in 30 to 45 days. Shares of Lam Research were trading at $46.90 in the after-hours session, down 11 cents from Tuesday's closing price of $47.01 on the Nasdaq.

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