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Stock Market & Financial Investment News

News Breaks
December 4, 2012
12:38 EDTLRCX, ACLSAxcelis sells assets to Lam Research for $10.72M
Axcelis Technologies disclosed that it (ACLS) and Lam Research (LRCX) entered into and consummated an asset purchase agreement pursuant to which Axcelis sold and Lam purchased certain intellectual property rights, a dry strip processing system and other assets relating to the company’s dry strip systems business in exchange for a cash payment of up to $10.72M. The purchased intellectual property rights include, among other things, worldwide patent rights, patent applications, copyrights, industrial designs, know-how and related rights used by the company in its dry strip business. Under the terms, $2M of the purchase price is deferred and payable in installments upon, and subject to, the completion of certain transition milestones over various dates through June 30, 2014.
News For ACLS;LRCX From The Last 14 Days
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November 24, 2014
08:35 EDTLRCXLam Research price target raised to $91 from $85 at Goldman
Goldman raised Conviction Buy rated Lam Research's price target to $91 based on strong memory fundamentals and continues to view shares as a top pick for 2015.
November 19, 2014
10:29 EDTLRCXGoogle now top competitor to Apple, Jefferies says
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