Lam Research Corporation (NASDAQ:LRCX) Makes Its Case At UBS Global Technology Conference

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Dallas, Texas 11/25/2013 (Financialstrend) – The S&P 500 index tracked semiconductor equipment and materials manufacturer Lam Research Corporation (NASDAQ:LRCX) has been trying to talk up its stock through participation in high profile investor meets and other technology conferences. Its most recent public underscoring of its potential and its strong performance came at the UBS Global Technology Conference on November 19.

FY14 Outlook

In its forecast and outlook for 2014, the $8.4 billion market capped firm is forecasting its revenue for the next year to come in at $2 billion, which translates to a 10% increase in comparison to FY13, expected closing. It is basing the anticipated jump in revenue based on the expected continuation in the demand for mobile devices like tablets and smart phones. The firm sees these two devices segment showing a above 20% increase in their unit sales through next year. It is this significant growth in smart phones and tablets which use memory chips that Lam Research Corporation (NASDAQ:LRCX) is depending on majorly.

Four Pronged Approach

Highlighting its go to market strategy which is four pronged, Lam Research Corporation (NASDAQ:LRCX) executives disclosed that market expansion is one of its primary growth engines. It has identified 3D NAND chips followed by FinFET being the key product which will help the company gain market shares in newer markets. It is also looking at increasing its existing market share in its domestic markets by further investing in technology development and coming up with niche products which occupy the leaders quadrant. It expects to bring up $0.5 billion in additional revenue from this market expansion focus. The third push has been to monetize its existing master install base to generate incremental revenue by up selling and cross selling into its happy customer base. The fourth and the final strategy has been to base all these forward movement on profitability.

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