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

To: Duker who wrote (2608)	3/1/1999 8:32:00 PM
From: Math Junkie	Respond to of 5867

Interesting article - thanks for posting it.

To: Duker who wrote (2608)	3/2/1999 9:06:00 PM
From: Jong Hyun Yoo	Read Replies (1) \| Respond to of 5867

Share Repurchase News Tuesday March 2, 8:28 pm Eastern Time Company Press Release Lam Research Corporation Announces Share Repurchase Program FREMONT, Calif.--(BUSINESS WIRE)--March 2, 1999--Lam Research Corporation (Nasdaq:LRCX - news), today announced that its Board of Directors has authorized the repurchase, at management's discretion, of up to 2 million shares of the company's common stock from the public market or in private purchases. The purchases will take place over a period through and including December 31, 2000. As of December 31, 1998, the company had approximately 38 million shares of common stock outstanding. The shares repurchased under this authorization will be used to reduce dilution caused by the issuance of shares reserved under the company's stock option and employee stock purchase plans. Lam Research Corporation is a leading supplier of wafer fabrication equipment and services to the world's semiconductor industry. Lam's headquarters are located in Fremont, Calif. The company's common stock trades on the Nasdaq National Securities Market under the symbol ''LRCX.'' Lam's World Wide Web address is lamrc.com. 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 relate to the company's intention to repurchase up to a number of shares of its outstanding common stock over a period of time and under certain conditions. Such statements are based on current expectations and are subject to risks, uncertainties, and changes in condition which may effect the number of shares purchased and timing of such purchases, including changes in market conditions and other risks detailed in documents filed with the Securities and Exchange Commission, including specifically the report on Form 10-K for the year ended June 30, 1998, and the Form 10-Q for the quarter ended December 31, 1998. The company undertakes no obligation to update the information in this press release. Contact: Lam Research Corporation Lisa Garber, 510/572-4538 (Corp. Communications) lisa.garber@lamrc.com Kathleen Bela, 510/572-4566 (Investor Relations) kathleen.bela@lamrc.com More Quotes and News: Lam Research Corp (Nasdaq:LRCX - news) Related News Categories: computers, household/consumer, semiconductors