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

To: Jong Hyun Yoo who wrote (4951)	2/10/2004 8:46:04 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5867

The PWCC consultants have made IBM a more valuable partner in plotting strategy, too. Consider the tale of LAM Research Corp. (LRCX ), which makes equipment for semiconductor manufacturing. CEO Stephen G. Newberry wanted to make the Fremont (Calif.) company's expenses more flexible so that it could cope with the extreme cycles of the chip industry. IBM consultant David Lubowe worked with Newberry to develop a solution. Big Blue took over LAM's tech infrastructure, and now LAM pays for computing power only as it needs it. What's more, IBM consultants helped create an online marketplace of suppliers for LAM and 23 other companies. By pooling their buying power, the companies receive cost savings of up to 30% on back-office services such as benefits administration. The result? Even when LAM's revenues hit $160 million a quarter in 2003, off 50% from 2001 levels, it turned a profit. yahoo.businessweek.com