NY -- Standard&Poor's CreditWire 6/26/98 – Standard&Poor's today revised its outlook on Lam Research Corp. to negative from positive. In addition, Standard&Poor's affirmed its double-'B'-minus corporate credit and bank loan ratings on the company. Standard&Poor's also affirmed its single-'B' rating on the corporation's subordinated notes. Lam Research's ratings reflect the company's good position in certain niche semiconductor processing markets and good liquidity, offset by increasingly strained market conditions and aggressive competition. The outlook revision incorporates Lam's expectation that semiconductor capital goods sector revenues for 1998 will be 30% below 1997 levels and weak conditions will persist in 1999. Fremont, Calif.-based Lam manufactures equipment to deposit, etch, and polish microscopically thin layers on
