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To: ELH1006 who wrote (30748)	6/1/2006 12:42:13 AM
From: etchmeister	Respond to of 95420

today announced its response to investors' questions regarding option grant practices. why so sudden? what investors (please quantify) My guess a bunch of hedge fund / short sellers are laughing their asses off Press Release Source: Lam Research Corporation Lam Research Corporation Comments on Stock Option Grant Practices Tuesday May 23, 2:51 pm ET FREMONT, Calif.--(BUSINESS WIRE)--May 23, 2006--Lam Research Corporation (NASDAQ:LRCX - News) today announced its response to investors' questions regarding option grant practices. Lam's policy and practice have been to grant options to the CEO after the approval of the independent board members at regularly scheduled board meetings. Grants to the other named executives are made after the approval of the Compensation Committee at its regularly scheduled meetings. Lam Research Corporation is a major 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. Lam is a NASDAQ-100® company. The Company's World Wide Web address is lamresearch.com.

To: ELH1006 who wrote (30748)	6/1/2006 9:52:43 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 95420

I think this line says it all: They were not acting as owner-partners seeking to maximize the value of the firm, but rather as grasping hired hands seeking to maximize their own wealth at the expense of others

To: ELH1006 who wrote (30748)	6/1/2006 10:02:45 AM
From: Gottfried	Read Replies (1) \| Respond to of 95420

ELH, thanks for this excellent article. This bears highlighting >all of these issues pale in comparison to one simple point: Executives who engaged in backdating were not putting shareholders first. They were not acting as owner-partners seeking to maximize the value of the firm, but rather as grasping hired hands seeking to maximize their own wealth at the expense of others. At the end of the day, that's all you really need to know.