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.

American Technology Research   Caris & Co.  
Citigroup Global Markets   Cowen & Co.  
Credit Suisse   Deutsche Bank Securities  
Global Crown Capital   Goldman Sachs  
HSBC   JPMorgan Securities  
Lehman Brothers   Merrill Lynch  
Merriman Curhan Ford & Co.   Morgan Stanley  
Needham & Company   Oppenheimer & Co., Inc.  
Pacific Crest Securities   Stifel, Nicolaus & Company  
ThinkEquity Partners   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.