Lam Research Corp. Rating On CreditWatch Negative On Failure To File 10-K In Timely Manner - S&P Global Ratings’ Credit Research

Lam Research Corp. Rating On CreditWatch Negative On Failure To File 10-K In Timely Manner

Lam Research Corp. Rating On CreditWatch Negative On Failure To File 10-K In Timely Manner - S&P Global Ratings’ Credit Research
Lam Research Corp. Rating On CreditWatch Negative On Failure To File 10-K In Timely Manner
Published Aug 27, 2007
510 words — Published Aug 27, 2007
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Abstract:

NEW YORK (Standard&Poor's) Aug. 27, 2007--Standard&Poor's Ratings Services said today it placed its 'BB-' corporate credit rating on Fremont, Calif.-based Lam Research Corp. on CreditWatch with negative implications following the company's announcement that it will be unable to timely file its 2007 form 10-K. The company stated that it intends to file as soon as practicable, but does not expect that the 10-K will be filed "on or before the fifteenth calendar day following the required filing date as prescribed in Rule 12b-25." The delay has been caused by a review of the company's historical stock option practices. While it is too early to assess the outcome of the investigations, Lam's liquidity (unrestricted cash and investments

  
Brief Excerpt:

RESEARCH Lam Research Corp. Rating On CreditWatch Negative On Failure To File 10-K In Timely Manner Publication date: 27-Aug-2007 NEW YORK (Standard & Poor's) Aug. 27, 2007--Standard & Poor's Ratings Services said today it placed its...

  
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Ratings Action

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Semiconductor Equipment (45301010)
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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Lam Research Corp. Rating On CreditWatch Negative On Failure To File 10-K In Timely Manner" Aug 27, 2007. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Lam-Research-Corp-Rating-On-CreditWatch-Negative-On-Failure-To-File-10-K-In-Timely-Manner-598196>
  
APA:
S&P Global Ratings’ Credit Research. (). Lam Research Corp. Rating On CreditWatch Negative On Failure To File 10-K In Timely Manner Aug 27, 2007. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Lam-Research-Corp-Rating-On-CreditWatch-Negative-On-Failure-To-File-10-K-In-Timely-Manner-598196>
  
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