SiliconBeat

Lam Research has decided it won’t occupy one of two new buildings in Livermore that it agreed to lease from BNP Paribas in December 2007. As of the end of 2008, Lam had $170.2 million in restricted cash and short-term investments set aside as collateral required under the lease agreements, according to the company’s May 8 quarterly financial filing with the SEC.

Lam, which is also in the process of laying off Read the rest of this entry »

Lam Research is getting rid of approximately 375 regular, temporary and contract workers, or about 10 percent of its total workforce, with roughly 225 of the employees being eliminated from locations in North America, with the rest located throughout Asia and Europe, the company said today in a regulatory filing.

The layoffs are expected to be substantially complete by Read the rest of this entry »

Lam Research’s chief executive, Stephen Newberry, finally became an outright owner of his company’s stock last month when he exercised an option to buy 5,250 shares of the company for $11.66 each, or $61,215. The shares were the last left in an option granted to him 10 years ago that were to expire Thursday.

Newberry hasn’t owned any of his company’s stock for at least Read the rest of this entry »

Lam Research, the Fremont supplier of chip-making equipment whose stock is down 26 percent so far this year, said its board authorized buying back up to $250 million worth of its own stock, effective immediately, according to a filing Monday with the SEC.

It is the first stock buyback since fiscal 2007 when the company spent Read the rest of this entry »