I remain upbeat about the shares of Lam Research, a US-based designer and maker of semiconductor processing equipment. Recently, the company posted record revenues and earnings for its fiscal 2016 first quarter ended Sep 30. It also issued positive guidance for the current quarter and is on track to achieve more than 20% revenue growth for the third consecutive year in calendar 2015. Lam continues to focus on its commitment to deliver the best services to its customers with the help of its differentiated products and services, thereby helping them to solve their most critical challenges. Along with these results, Lam announced that it had entered into a definitive agreement with KLA-Tencor, a leading supplier of process control and yield management equipment for the semiconductor industry, per which it will acquire all outstanding KLA-Tencor’s shares in a cash and stock transaction valued at USD 10.6 bn. The deal will create a leading semiconductor capital equipment company, will strengthen its performance, hasten innovation and expand market relevance. The deal will generate significant cost and revenue synergies. The combined company expects to realize $250 mn in cost synergies within 18 to 24 months after the acquisition, and $600 mn in annual revenue synergies by 2020. It will also be accretive to adjusted EPS and free cash flow per share during the first 12 months following the closure of the deal. The company believes that its strong position combined with its commitment to customers and value-enhancing collaborations will help drive performance over the next several years. I expect Lam's that shares will continue to grow and reach $80 in short term.. $LRCX, Lam Research Corporation / 1440