Summary
Lam Research Corporation (LRCX) filed an 8-K on October 13, 2004, to disclose two significant events. Firstly, the company released its financial results for the fiscal quarter ended September 26, 2004, as detailed in Exhibit 99.1. While specific financial figures are not detailed in the 8-K itself, this release serves as the official announcement of their operational performance for the period. Secondly, and importantly for investors, the company announced that its Board of Directors has authorized a new share repurchase program valued at up to $250 million. This demonstrates the company's confidence in its own stock and its commitment to returning value to shareholders, likely through open market purchases or private transactions.
Key Highlights
- 1Lam Research announced its financial results for the fiscal quarter ended September 26, 2004.
- 2The company's Board of Directors has authorized a significant share repurchase program.
- 3The share repurchase program has an authorization of up to $250 million.
- 4The share repurchases can be conducted from the public market or through private purchases.
- 5This 8-K filing includes two key press releases as exhibits.
- 6The information provided is furnished and not deemed 'filed' for certain regulatory purposes.