- The Restructuring Plan consists of a reduction in force of approximately 600 regular, temporary and contract employee positions, or approximately 15% of the Company's total workforce.
- All of the charges under the Restructuring Plan will result in cash expenditures and will be recorded in the current and following quarter.
- The Company is unable at this time to make a good faith determination of cost estimates, or ranges of cost estimates, associated with the program.

Other headlines for [LRCX]

• 1/5/2009 05:58am
  Wachovia Analysts raise US Semiconductor sector to overweight from market weight- Sees sector inventories rising in Q4 of 2008 and into Q1 of 2009
  
• LRCX 12/19/2008 06:31am
  Lam Research Corp Guides Q3 EPS -$0.05 to -$0.04 v -$0.04e, Rev $270-285M v $299.9Me - filing- Guides Q3 shipments $212-225M - Guides Op Margin -12% to -10% - CEO :Business conditions in the semiconductor more...
  
• 12/18/2008 06:01pm
  November Book-to-Bill Ratio 1.00 v 0.96 prior; 3 month avg of global bookings $805.4M (-4% m/m and -29 y/y) - SEMI- 3-month avg of global billings $807.3M (-7% m/m and -42% y/y) - Commentary: "The more...
  
• 12/16/2008 08:10pm
  According to SEMI, Q3 global semiconductor manufacturing billings reached $6.6B (-16% q/q and -41% y/y)- SEMI also reported worldwide semiconductor equipment bookings of $5.60B in the third quarter more...
  
• 12/10/2008 00:46am
  According to iSuppli, worldwide spending on semiconductor manufacturing equipment in 2009 will decline by 17.6% to $35.2B (lowest level since 2002)- The decline in 2009 will continue the downturn more...
  

Technology sector headlines

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• SIE.GE Today 04:08am
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• MOR.GE Today 03:17am
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• TRIL.UK Today 02:58am
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• 6762.JP Today 02:40am
  TDK Corp Ratings cut by S&P to "A+" from "AA-"- These downgrades reflect deterioration in TDK's financial base due to an increase in its financial burden stemming from the EPCOS acquisition, as well as the more...