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.

Bank of America / Merrill Lynch   Barclays  
Caris & Co.   Citigroup Global Markets  
Cowen & Co.   Credit Suisse  
Deutsche Bank Securities   First Global  
Global Crown Capital   Goldman Sachs  
HSBC   Merriman Curhan Ford & Co.  
Morgan Stanley   Needham & Company  
Oppenheimer & Co., Inc.   Pacific Crest Securities  
Soleil Equity   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.