Analyst Coverage

Analysts from the following firms follow the progress of Lam Research Corporation and periodically issue reports, all of which are independent of Lam's input.

It is Lam's policy not to distribute any analyst reports written on our Company. In addition, we do not endorse any analyst's projections.

B. Riley & Co.	Bank of America / Merrill Lynch
Citigroup	CLSA
Cowen & Co.	Credit Suisse
D. A. Davidson	Deutsche Bank
Goldman Sachs	Needham & Company
Pacific Crest Securities	Piper Jaffray
Stifel, Nicolaus & Company	Susquehanna
UBS Securities LLC

Lam Research Corporation is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Lam Research Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Lam Research Corporation or its management. Lam Research Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.