RBC Capital Raises Price Target Following Lam Research's (LRCX) 1Q16

KLA-Tencor Reports Fiscal 2016 First Quarter Results And Agreement To Combine With Lam Research

October 21, 2015 4:00 AM EDT

MILPITAS, Calif., Oct. 21, 2015 /PRNewswire/ -- KLA-Tencor Corporation (NASDAQ: KLAC) today announced operating results for its first quarter of fiscal year 2016, which ended on September 30, 2015, and reported GAAP net income of $105 million and GAAP earnings per diluted share of $0.66 on revenues of $643 million.

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"KLA-Tencor posted solid results for the first quarter of fiscal year 2016, with new orders and earnings per share... More

Lam Research to Combine with KLA-Tencor, Creating a New Capability Paradigm to Serve a Transforming Semiconductor Industry

October 21, 2015 4:00 AM EDT

FREMONT, Calif. and MILPITAS, Calif., Oct, 21, 2015 /PRNewswire/ -- Lam Research Corporation (Nasdaq: LRCX) ("Lam") and KLA-Tencor Corporation (Nasdaq: KLAC) ("KLA-Tencor") today announced that they have entered into a definitive agreement, unanimously approved by the boards of directors of both companies, for Lam Research to acquire all outstanding KLA-Tencor shares in a cash and stock transaction.

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Lam Research Corporation Reports Financial Results for the Quarter Ended September 27, 2015

October 21, 2015 4:00 AM EDT

FREMONT, CA -- (Marketwired) -- 10/21/15 -- Lam Research Corp. (NASDAQ: LRCX) today announced financial results for the quarter ended September 27, 2015. A conference call and webcast will be held beginning at 5:00 a.m. Pacific Time. Please dial in 5 - 10 minutes prior to the start time using the dial in numbers and conference ID below:

Conference ID: 4899617

Participants, Intl Toll: 719-325-2494

Participants, US/CAN Toll free: 888-438-5453

Highlights for the September 2015 quarter were as follows:

Revenue of $1,600 million, up 8% from the prior quarter... More

Lam Research to Combine With KLA-Tencor, Creating a New Capability Paradigm to Serve a Transforming Semiconductor Industry

October 21, 2015 4:00 AM EDT

FREMONT, CA and MILPITAS, CA -- (Marketwired) -- 10/21/15 --

Creates a premier semiconductor equipment company with industry leading and complementary capabilities in wafer processing and process controlHelps customers extend Moore's Law by delivering variability reduction at the atomic levelCompany will serve ~ 42% of Wafer Fabrication Equipment (WFE) market immediately upon closingExpect to realize $250... More