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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

Revenues* $1.5 BILLION
Revenue Growth 86.5%
Return on Equity 25.9%
Total Return22.0%
Profits* $285.5 MILLION
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


Data provided by Capital IQ
James W. Bagley

James W. Bagley

AGE: 65


Chairman and Chief Executive Officer

CEO Bio >

Total Compensation*


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

Data provided by Capital IQ
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