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

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

LRCX 159.33

-1.8%

Nov 7 9:30 AM EST

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To: etchmeister who wrote (5606)	2/23/2007 8:15:15 PM
From: Proud_Infidel	Read Replies (2) of 5867

Lam Research Announces $750M Buyback Friday February 23, 4:42 pm ET Lam Research Announces Buyback of $750M Worth of Company Stock FREMONT, Calif. (AP) -- Semiconductor equipment maker Lam Research Corp., on Friday said it will repurchase up to $750 million of its stock. Under two previous buybacks totaling $750 million, Lam has repurchased about 16.7 million shares for $604.9 million through Thursday. The company said it is planning to repurchase both the amount remaining in the previous programs and the new $750 million authorization. As of Dec. 24, Lam had about $1.6 billion in total cash and about 141.9 million shares outstanding. Shares of Lam Research added $1.26, or 2.8 percent, to $47.05 in aftermarket activity, after gaining 83 cents to close at $45.79 on the Nasdaq Stock Market. The stock has ranged from $36.66 to $57.05 over the past year.

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