Lam Research Corporation (NASDAQ:LRCX) today announced it will present at the Credit Suisse 2008 Annual Technology Conference on Wednesday December 3 at 8:00 a.m. Pacific Time. Directly following
In past years, I have successfully used a screen that identifies companies that can take themselves private by levering up their balance sheet and using their cash flow to pay the interest payments. The screen assumes companies could get financing at 9% and could cover the tax adjusted interest payments if they stopped expanding and just spent a minimum in capital expenditures to continue operating.
If you assume that we don't enter a depression and the companies could actually get financing right now, a stunning number of high quality companies - companies with high cash flow and relatively low debt - could take themselves private...
Let me quickly admit that everything that follows could be wrong - one possibly shouldn't own ANY stocks or any assets. With that said, typically there are some stocks that go up even during the worst of bear markets.
The goal of this article is to consider how one should go about finding the best stocks to own when almost every stock is cheap by most metrics and certainly down a lot in price. It seems to me that the sellers,...
A simple options-trading strategy combined with time-tested cash flow analysis could be the winning formula for generating profits now in individual stocks – all without the worry of perfectly timing a market bottom.
There’s no doubt the markets are turbulent. Every day there is talk on trading floors about how low the market can really go. Traders see the market volatility index ((VIX)) near all-time highs, huge intraday moves in individual stocks, and enormous uncertainty about the length and depth of a global recession. They worry about slowing earnings growth, contracting...
Writedowns, trading losses for Credit Suisse. Credit Suisse (CS) reported a Q3 net loss of 1.26B Swiss francs ($1.08B), its second consecutive quarterly loss, as compared to a profit of 1.3B francs a year ago. The loss stemmed from writedowns on leveraged loans and mortgage-backed securities as well as roughly 1.7B francs of trading losses. CEO Brady Dougan, calling the markets 'very challenging,' warned he's 'cautious' on the outlook for Q4. Shares -3.1% in Swiss trading, bringing the stock to a 34% decline this year.
If you were thinking it might be time to bottom-fish among the semiconductor equipment stocks, you might want to restrain that impulse.
SEMI (Semiconductor Equipment and Materials International, a global industry association) reported yesterday that worldwide semiconductor manufacturing equipment billings were $7.83 billion in the second quarter of 2008. That is 26 percent less than the first quarter of 2008 and 29 percent less than the same quarter a year ago.
The tech-heavy Nasdaq 100 is currently set to have its third straight -1% decline. Below we highlight the 25 (out of 100) worst performing stocks in the index since last Thursday's close.
As shown, Dell has lost nearly a fifth of its value over the last three days, topping the list of losers. DELL is followed by Joy Global (-17.9%), Steel Dynamics (-14%), Foster Wheeler (-13%), Marvell Technology (-11%), and Akamai Tech (-10%). The majority of the list is made up of stocks in the Semiconductor sector, which...
Martin B Anstice, Chief Financial Officer (CFO) at Lam Research (LRCX charts), just purchased half a million dollars of his company stock. Nobody should know the financial condition of a company better than its CFO. When a CFO buys a significant number of shares, people should pay attention.
SEC extends naked shorting ban, maybe more to come. The SEC extended the temporary restrictions on naked short selling of 19 financial stocks to Aug. 12. It did not broaden the stock universe covered by the ban, and it said it won't be extended beyond Aug. 12. SEC chief Christopher Cox said that after the current rule expires, the agency will consider rule changes that would focus on the broader market. It is said to be studying numerous ideas. Shares of the 19 firms enjoyed an initial bounce, but...
FREMONT, Calif.--(BUSINESS WIRE)--Lam Research Corporation (NASDAQ:LRCX) today announced it will present at the Credit Suisse 2008 Annual Technology Conference on Wednesday December 3 at 8:00 am ...
Following on the heels of Applied Materials' and KLA-Tencor's layoffs, wafer fabrication equipment provider Lam Research says it will trim 15% of its total workforce. By Suzanne Deffree, Managing ...
SAN JOSE, Calif. -- Citing the fab-tool downturn, Lam Research Corp. plans to reduce its headcount by 600 jobs, or approximately 15 percent of the company's total workforce. Lam's so-called ...
(RTTNews) - Semiconductor processing equipment maker Lam Research Corp. (LRCX: News ) said Thursday that it has commenced a restructuring plan, including a 15% reduction in its workforce, as part ...
LOS ANGELES, Nov 20 (Reuters) - US chipmaker Lam Research Corp (LRCX.O: Quote, Profile, Research, Stock Buzz) will shed 15 percent of its workforce, or 600 employees, joining the list of ...
In a Form 8-K, Lam Research Corporation (Nasdaq: LRCX) today commenced a restructuring plan that is designed to better align the Companyâ??s cost structure with its business opportunities in ...
LRCX | Quote | Chart | News | PowerRating -- Lam Research has appointed two senior executives of the company, Martin B. Anstice and Ernest E. Maddock. The company said that Anstice will become the ...
BERKELEY, Calif., Nov 05, 2008 (ASCRIBE NEWS via COMTEX) -- LRCX | Quote | Chart | News | PowerRating -- Lam Research announced the appointments to new positions for two senior executives of the ...
UBS analyst Stephen Chin today issued ?short-term Buy? ratings on both KLA-Tencor (KLAC) and Lam Research (LRCX), anticipating that both companies are preparing to unveil major restructuring moves ...
Lam Research (NasdaqNM: LRCX) opened at $23.04. So far today, the stock has hit a low of $22.55 and a high of $23.47. LRCX is now trading at $22.96, up $0.60 (2.68%). Over the last 52 weeks the ...
Another bruising market sell-off pushes technology stocks deep into the red, with the Nasdaq Composite Index down more than 11% over the past two trading sessions.
Technology stocks close with mostly strong gains, led by a sharp upswing from the semiconductor equipment sector that is partially offset by sharp sell-offs at firms such as Sun Microsystems and Electronic Arts.
SAN FRANCISCO (MarketWatch) - Lam Research on Wednesday reported net profit of $8.9 million, or 7 cents a share, for the quarter ended September, compared with a profit of $148.6 million, or $1.18 a share, for the year-earlier period. Revenue was $440.4 million, down from $684.6 million last year. The company also reported ongoing net income, which excludes special charges, of 26 cents a share. Analysts expected Lam to report earnings of 25 cents a share on revenue of $440.8 million, according to Thomson Reuters.
Gains from Apple, Yahoo and EMC aren't enough to keep the overall tech sector from falling into the red, as the broader market continues to worry about weakness in the economy.
SAN FRANCISCO (MarketWatch) -- Lam Research Corp.'s board on Monday approved the repurchase of up to $250 million of the company's common stock from the market or through private deals. The buyback will be funded by available cash. As of June 29, Lam Research had about $1.2 billion in total gross cash and cash equivalents, short-term investments and restricted cash and investments and about 125 million shares outstanding.
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