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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (24242)	9/14/1998 9:13:00 PM
From: 16yearcycle	Respond to of 70976

Lam Research Corp. Announces Systematic Share Repurchase Program FREMONT, Calif.--(BUSINESS WIRE)--Sept. 14, 1998--Lam Research Corp. (Nasdaq:LRCX - news) today announced that its board of directors has authorized the repurchase, at management's discretion, of up to 368,000 shares of the company's common stock from the public market or in private purchases. The purchases will take place from Sept. 15 through and including Sept. 25, 1998, in conjunction with the company's quarter end. As of Sept. 1, 1998, the company had approximately 38 million shares of common stock outstanding. The shares repurchased under this authorization will be used to offset dilution caused by issuance in the near-term of shares reserved under the company's employee stock purchase plans. Lam Research Corp. is a leading supplier of wafer fabrication equipment and services to the world's semiconductor industry. Lam's headquarters are located in Fremont. The company's common stock trades on the Nasdaq National Market under the symbol LRCX. Lam's World Wide Web address is lamrc.com. --------------------------------------------------------------------------------