The Information Technology 100
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.
|Return on Equity||25.9%|
|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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