Lam Named One of the "Best Places to Work in the Bay Area"
FREMONT, Calif., April 12, 2006Lam Research Corporation (NASDAQ: LRCX) today announced that it has been named one of the 110 Best Places to Work in the Bay Area. In the Big Companies category, defined as 501-3,000 employees, Lam placed third.
Companies make the list based solely on the results of an anonymous, 38-question online employee survey. Employees rate their companies on team effectiveness, retention risk, alignment with goals, trust with co-workers, sense of individual contribution, manager effectiveness, trust in senior leaders, feeling valued, work engagement, and people practices. Lam received the highest ratings for trust in senior leadership, trust with coworkers, and alignment with goals.
Lam was distinguished among nominated companies for providing many employee benefits and services not widely availableonly 13 percent reported offering concierge service, 18 percent adoption assistance, 22 percent sabbaticals, 28 percent gym allowances, and 30 percent stock option plansall programs offered at Lam.
In its third year, the list is a special publication of the San Francisco Business Times, East Bay Business Times, and the Silicon Valley/San Jose Business Journal.
"We are pleased that our employees' enthusiasm and admiration for their company has resulted in Lam being named one of the Best Places to Work in the Bay Area," stated Steve Newberry, president and chief executive officer. "One of our Vision Objectives is to create a 'company where successful people want to work.'" We believe this is accomplished by fostering a culture centered on a set of Core Values. These values shape and define the way we do business at Lam. We are a leader in our market segment and attribute this success to our employees' commitment to creating a workplace where values such as teamwork, innovation and continuous improvement, and achievement can flourish."
Lam Research Corporation is a major supplier of wafer fabrication equipment and services to the world's semiconductor industry. Lam's common stock trades on The NASDAQ National Market® under the symbol LRCX. Lam is a NASDAQ-100® company. The Company's World Wide Web address is http://www.lamresearch.com.
Lam Research Corporation Contact:
Shawn Lynch, Corporate Communications, phone: 816/500-8191, e-mail: email@example.com