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

To: Kirk © who wrote (5656)	1/25/2008 9:48:26 AM
From: niek	Read Replies (1) \| Respond to of 5867

I wonder how SEZ fits into Lam's strategy. It is nice to see LRCX buying cheap stocks rather than our shares get taken out now by private equity. Hedge fund Elliot buys 6 pct in SEZ after LAM bid Fri Jan 25, 2008 ZURICH, Jan 25 (Reuters) - Hedge fund Elliott Management HAS bought 6.23 percent of Austria's SEZ, the target of a 641 million Swiss franc ($588.6 million) takeover bid by chip equipment maker Lam Research Corp.. SEZ, a large maker of clean silicon wafer technology, has agreed to the bid by Lam, though its Chief Operation Officer Kurt Lackenbucher told a newspaper last month he could also imagine a range of rival bidders. The stake acquired by Elliott, announced late on Thursday, makes it SEZ's largest single shareholder. Elliott declined to comment, while an SEZ spokesman said the company had not yet had contact with Elliott. Australian bank Macquarie last year raised its takeover bid for Germany's Techem to 1.5 billion euroS ($2.20 billion) after a protracted battle over the metering company with a group of hedge funds including Elliott.