Dallas, Texas 12/09/2013 (Financialstrend) – The famous semiconductor equipment and materials manufacturer Lam Research Corporation (NASDAQ:LRCX) is trying hard to talk about its stock by participating into different investor meets and different technology conferences. The same was observed at the recently help UBS Global technology Conference on the 19th November this year.
For the year 2014 the Lam Research Corporation which is an $8.4 billion company forecasted an revenue to touch $2 billion which seems to be almost 10% more as compared to the year 2013 forecast. It all seems to be based on the anticipated jump in the revenue which happened due to expected continuation in the demand for mobile devices like tablets and smart phones. The company also believes a 20% increase in their unit sales because of the increased demand for smart phones and tablet devices.
Unique Strategy adopted by Lam Research Corporation
Lam Research Corporation (NASDAQ:LRCX) is trying to adapt to a unique Four Pronged strategy and disclosed that market expansion is one of their primary growth engines for the future. As per the company the 3D NAND chips followed by FinFET as their key products and these products will help them gain new market shares in the newer and emerging markets. The third strategy is to monetize their existing master installation base so that they can earn more and more incremental revenue. All this will be done by up-selling and cross selling to its already acquired customer base which is happy and completely satisfied.
The Fourth strategy adopted by Lam Research Corporation (NASDAQ:LRCX) is to make all these forward movements a profitable affair and this is going to be their final push or strategy. All these news from them have resulted into an up-gradation of their current share value and many analysts believe that there is an at least 13.53% hike in store from the current price value.