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Page one of _______ pages.
Exhibit Index is on Page four.
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 2, 1999
LAM RESEARCH CORPORATION
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(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
DELAWARE 000-12933 94-2634797
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
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4650 CUSHING PARKWAY, FREMONT, CALIFORNIA 94538
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(Address of Principal Executive Offices)
(510) 659-0200
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report.)
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ITEM 5. OTHER EVENTS
On March 2, 1999, Lam Research Corporation (the "Company") announced a plan
to repurchase up to 2,000,000 shares of its common stock. Attached hereto as
Exhibit 99.1 is the Company's press release dated March 2, 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
99.1 Lam Research Corporation Press Release dated March 2, 1999.
2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
DATED: March 3, 1999 LAM RESEARCH CORPORATION
By: /s/ Richard Lovgren
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Name: Richard H. Lovgren
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Title: Vice President, Secretary
and General Counsel
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EXHIBIT INDEX
Page No. in
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<CAPTION> Numbered Current
Exhibit No. Description Report
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99.1 Lam Research Corporation Press Release 5
dated March 2, 1999.
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contacts: Lisa Garber Kathleen Bela
Corporate Communications Investor Relations
Lam Research Corporation Lam Research Corporation
Phone: 510/572-4538 Phone: 510/572-4566
Fax: 510/572-2935 Fax: 510/572-6454
e-mail: [email protected] e-mail: [email protected]
LAM RESEARCH CORPORATION ANNOUNCES SHARE REPURCHASE PROGRAM
FREMONT, Calif.--March 2, 1999--Lam Research Corporation (Nasdaq: LRCX), 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, California.
-more-
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LAM RESEARCH CORPORATION ANNOUNCES SHARE REPURCHASE PROGRAM..........PAGE 2 OF 2
The company's common stock trades on the Nasdaq National Securities Market under
the symbol "LRCX". Lam's World Wide Web address is http://www.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.
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