The repurchase program may be suspended or discontinued at any time, and will be funded using the Company's available cash. As of
"We believe that this increase to our share repurchase program enhances our flexibility with respect to providing value to our shareholder base," stated
Statements made in this press release which are not statements of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate, but are not limited, to management's plans for repurchasing Company stock under the approvals granted by the Board, management's and the Board's confidence in the Company's continued growth and cash generation prospects, and the Company's view that share repurchases will be an effective way to return value to its shareholders. These plans are dependent on the Company's future financial condition, its determinations of the continued value of a repurchase program, changing business conditions in the semiconductor industry and the overall economy, and its plans for reacting to those changes, changing customer demands, the success of the Company's competitors' strategies including their development of new technologies, and the technical challenges presented by the Company's current product offerings and new products.
Such statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the
Lam Research Corporation Contact:
Shanye HudsonDirector, Investor Relations 510/572-4589 Email Contact
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