The Information Technology 100
37
Lam Research
Lam Research's stock has been on a roll since early May. It's now perched near its 52-week high of $32. Investors think the Fremont (Calif.) company is sitting pretty, thanks to booming business in Asia and the rest of the world. Lam is a leader in etch and chemical planarization tools that remove portions of film placed on wafers during chip production. Since the process occurs many times in the chip-making cycle and is required to manufacture every type of chip on the planet, the outfit has remained a hot commodity. Revenues surged to $935.9 million in fiscal 2004, up from $755.2 million the previous year. Net income also revived: $82.9 million, compared with a loss of $7.7 million a year earlier.
Company Info
| STOCK INFO | LRCX |
| Revenues* | $1.5 BILLION
|
| Revenue Growth | 86.5%
|
| Return on Equity | 25.9%
|
| Total Return | 22.0%
|
| Profits* | $285.5 MILLION
|
| Industry | SEMICONDUCTORS
|
| CORPORATE WEB SITE
|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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Company Snapshot
Lam Research Corp. engages in the design, manufacture, marketing, and servicing of semiconductor processing equipment used in the fabrication of integrated circuits. It also supplies such equipment to the worldwide semiconductor industry. The company sells its products primarily to companies involved in the production of semiconductors in the United States, Europe, Japan, and Asia Pacific. It competes with Applied Materials Inc., Tokyo Electron Limited, Ebara Corp., and Novellus Systems Inc.
No. of Employees
2,200
Data provided by 
James W. Bagley
Bio
James W. Bagley has been Chief Executive Officer of Lam Research Corp. since the merger of Lam and OnTrak Systems Inc. in August 1997 and Chairman since September 1, 1998. From June 1996 to August 1997, Mr. Bagley served as the Chairman of the Board and Chief Executive Officer of OnTrak Systems Inc. From 1987 to July 1996, Mr. Bagley served in various capacities at Applied Materials Inc., a manufacturer of wafer fabrication systems, where he has been employed since 1981, including President from 1987 to 1994 and Chief Operating Officer from 1987 to October 1995, Vice Chairman from January 1994 to May 1996. Mr. Bagley has been a Director of Lam Research Corp., since August 1997. Mr. Bagley also serves as a member of the Board of Directors of Kulicke & Soffa Industries Inc., and Extraction Systems Inc. Mr. Bagley served as a Director of Tencor Instruments since June 1993. Mr. Bagley served as a Director of Megatest Corporation since 1986. Mr. Bagley served as a Director of Wind River Systems Inc. since June 2001. Mr. Bagley holds a B.S. and a M.S. in Electrical Engineering from Mississippi State University.
AGE: 65
Titles
Chairman and Chief Executive Officer
Total Compensation*
$896,193
Total Value of Options**
$ 79.9 MILLION
Degrees Held
Mississippi State University (BS, MS)
* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year
Key Executives
James W. Bagley, Stephen G. Newberry, Martin B. Anstice, Nicolas J. Bright, Steven A. Lindsay, Ernest E. Maddock, Abdi Hariri
Board Members
James W. Bagley, David G. Arscott, Robert M. Berdahl, Richard J. Elkus, Jr., Jack R. Harris, Grant M. Inman
