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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (4721)	10/23/2001 8:27:34 AM
From: Proud_Infidel	Respond to of 5867

Chartered's fab utilization slips to 22% in Q3; loss hits $118.3 million Foundry cuts 2001 capital spending by another $150 million to $550 million this year Semiconductor Business News (10/22/01 18:56 p.m. EST) SINGAPORE--Chartered Semiconductor Manufacturing Pte. Ltd. here today reported revenues fell 21% sequentially to $79.2 million in the third quarter from $100.7 million in Q2, resulting in a net loss of $118.3 million in the Q3 period. The world's third largest pure-play silicon foundry said its fab capacity utilization rate dropped to just 22% in the third quarter compared to 31% in Q2 and 103% in the same period last year. "The extended process of bringing inventories into balance throughout the supply chain, coupled with dampened consumer sentiment resulting from a further weakening global economy, caused many customers to once again reduce their order rates," said Barry Waite, president and chief executive officer of Chartered. "Declines were most pronounced in the communications segment, reflecting ongoing inventory reductions, while the computer segment was essentially flat." Chartered said it now plans to lower its 2001 capital expenditures for 200-mm equipment by $150 million, bringing the company's full-year total to just $550 million. In July, Chartered announced it was cutting 2001 investments from $1 billion to $700 million and it pushed back the start of its planned 300-mm wafer fab until 2003 (see July 19 story). The Singapore foundry company today said it continues to work closely with its fab equipment vendors and remains "fully committed to 300-mm process development." The company said it now expects revenues to be flat to sequentially down 5% in the fourth quarter from Q3. Chartered said it is forecasting fab capacity utilization to be in the low-to-mid-20 percent range in Q4. Chartered is also predicting a loss of $0.95-to-$0.97 per American Depositary Share (ADS) compared to $0.86 per ADS in the third quarter. Chartered said it shipped 64,400 eight-inch equivalent processed wafers in the third quarter, a decline of 73.8% from 246,000 in Q3 of 2000 and 26.6% lower than 87,800 in the second quarter. Average selling prices for processed wafers dropped 0.9% to $1,231 in the third quarter compared to $1,242 in the same period last year, said the company. In Q2, the ASP was $1,192 per wafer, excluding a $3.9 million adjustment for a specific customer. Without that adjustment, ASPs in the second quarter were $1,147 per wafer.

To: Kirk © who wrote (4721)	11/12/2001 5:53:01 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5867

Lam Research Corporation Receives Best Product Award for 2300 Versys Silicon Etch System Award Honors Industry's Top Products for Superior Production Performance and Significant Contributions to Semiconductor Manufacturing FREMONT, Calif.--(BUSINESS WIRE)--Nov. 12, 2001-- Lam Research Corporation (Nasdaq:LRCX - news), Fremont, Calif., today announced receiving Semiconductor International's Editors' Choice Best Product Award for its 2300 Versys(TM) silicon etch system. This award is based on customer nominations and honors the industry's top products for superior production performance and contributions to semiconductor manufacturing. The award was presented to Lam on November 9. The 2300 Versys silicon etch system employs Lam's industry-leading Transformer Coupled Plasma(TM) technology and Clean Mode(TM) operation, which eliminates memory effects for repeatable processing. It is employed in all 200 mm and 300 mm silicon etch applications, including sub-100 nm processes. ``We're honored to receive this prestigious award,'' stated Nick Bright, vice president of global products, ``and believe several factors led to this distinction. Leveraging proven etch technology on our unique 200/300 mm platform allowed numerous production successes, including achieving 300 mm process scaling of complicated processes and significant yield improvements and process stability at start-up. The platform's advanced diagnostics capability enables advanced process control and e-diagnostics, while plug and play sensor capability eases integration of future technologies to advance semiconductor manufacturing.'' 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 include those relating to process and machine performance, yield improvements, process stability and control and the ease of integrating future technologies, among others. Such statements are based on current expectations and are subject to risks, uncertainties, and changes in condition, significance, value and effect including those risks detailed in documents filed with the Securities and Exchange Commission, and specifically the report on Form 10-K for the fiscal year ended June 24, 2001 and the Form 10-Q for the quarter ended September 23, 2001, which could cause actual results to vary from expectations. The company undertakes no obligation to update the information in this Press Release. Lam Research Corporation is a leading supplier of wafer fabrication equipment and services to the world's semiconductor industry. Lam's common stock trades on the Nasdaq National Market under the symbol LRCX. The Company's World Wide Web address is lamrc.com.