Share Repurchase News
Tuesday March 2, 8:28 pm Eastern Time
Company Press Release
Lam Research Corporation Announces Share Repurchase
Program
FREMONT, Calif.--(BUSINESS WIRE)--March 2, 1999--Lam Research Corporation (Nasdaq:LRCX - news), today announced
that its Board of Directors has authorized the repurchase, at management's discretion, of up to 2 million shares of the company's
common stock from the public market or in private purchases.
The purchases will take place over a period through and including December 31, 2000. As of December 31, 1998, the company
had approximately 38 million shares of common stock outstanding. The shares repurchased under this authorization will be used
to reduce dilution caused by the issuance of shares reserved under the company's stock option and employee stock purchase
plans.
Lam Research Corporation is a leading supplier of wafer fabrication equipment and services to the world's semiconductor
industry. Lam's headquarters are located in Fremont, Calif.
The company's common stock trades on the Nasdaq National Securities Market under the symbol ''LRCX.'' Lam's World Wide
Web address is lamrc.com.
This press release contains certain forward-looking statements which are subject to the Safe Harbor provisions created by the
Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to the company's intention to
repurchase up to a number of shares of its outstanding common stock over a period of time and under certain conditions. Such
statements are based on current expectations and are subject to risks, uncertainties, and changes in condition which may effect
the number of shares purchased and timing of such purchases, including changes in market conditions and other risks detailed in
documents filed with the Securities and Exchange Commission, including specifically the report on Form 10-K for the year
ended June 30, 1998, and the Form 10-Q for the quarter ended December 31, 1998. The company undertakes no obligation to
update the information in this press release.
Contact:
Lam Research Corporation
Lisa Garber, 510/572-4538 (Corp. Communications)
lisa.garber@lamrc.com
Kathleen Bela, 510/572-4566 (Investor Relations)
kathleen.bela@lamrc.com
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Lam Research Corp (Nasdaq:LRCX - news)
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