Lam Research Corporation Named to Business Ethics' 100 Best Corporate Citizens List
May 01 2006 - 8:30AM
Business Wire
Lam Research Corporation (Nasdaq:LRCX) today announced that it has
been named one of the "100 Best Corporate Citizens" by Business
Ethics magazine for the second consecutive year. The list
recognizes companies with exemplary practices in the area of
corporate social responsibility. Published annually by Business
Ethics in its spring issue, the report identifies companies that
serve various stakeholder groups with excellence and integrity.
Firms considered are selected from the Russell 1000 Index -- the
1,000 largest publicly traded companies in the United States, the
S&P 500 Index, and the Domini 400 Social Index. Companies are
ranked based on their performance in serving eight stakeholder
categories: shareholders, community, governance, diversity,
employees, environment, human rights, and product. "We devote
significant attention to fostering a values-based workplace that
influences every area of our business," stated Steve Newberry,
president and chief executive officer of Lam, "and it is gratifying
to be recognized by Business Ethics for excellence and integrity in
our business practices. Lam is committed to providing our industry
with the most innovative technologies and to making a positive
difference in the communities where our employees and customers
live and work." Statements made in this press release which are not
statements of historical fact are forward-looking statements and
are subject to the safe harbor provisions created by the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements relate to the Company's innovative technologies and its
effect on communities. Some factors that may affect these
forward-looking statements include: changing business conditions in
the semiconductor industry and the overall economy and our plans
for reacting to those changes. These forward-looking statements are
based on current expectations and are subject to uncertainties and
changes in condition, significance, value and effect as well as
other risks detailed in documents filed with the Securities and
Exchange Commission, including specifically the report on Form 10-K
for the year ended June 26, 2005, and Form 10-Q for the quarter
ended December 25, 2005, which could cause actual results to vary
from expectations. The Company undertakes no obligation to update
the information or statements made in this press release. Lam
Research Corporation is a major supplier of wafer fabrication
equipment and services to the world's semiconductor industry. Lam's
common stock trades on The NASDAQ National Market(R) under the
symbol LRCX. Lam is a NASDAQ-100(R) company. The Company's World
Wide Web address is http://www.lamresearch.com.
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