Can Novellus Reinvigorate Lam Research?

By Helix Investment Management:It is rare to find a corporate merger that makes EVERYONE happy. Someone always thinks the value of the deal is either too much, or too little.

By Robert Castellano:The acquisition of Novellus (NVLS) by Lam Research (LRCX) is now official. Much has been written about the merger, including two Seeking Alpha articles myself.

By Nigam Arora:Lam Research (LRCX) a major semiconductor equipment maker is buying Novellus Systems (NVLS). Lam Research is paying $3.3 billion for Novellus which is a significant premium. The purchase price represents a P/E of 14.5.

By BubbleBustInvesting:For more than ten years, semiconductor stocks have been out of favor among investors, due to the stigma of the dot.com that marked the high tech boom, and the prolonged stagnation in capital spending by the likes of Intel (INTC) and Taiwan Semiconductors (TSM), Advanced Micro Device (

By Robert Castellano:Comments in the press and on the Internet about the Lam Research (LRCX)-Novellus (NVLS) are still being written, probably in light of earnings season coming up.

By Takeover Analyst:In an earlier article here, I argued that Applied Materials (AMAT) and Novellus (NVLS) were overvalued.

Zacks.com submits: We have been watching the semi equipment stocks closely over the last few days and it seems as if our fears have been realized.

BubbleBustInvesting.com submits: By Paul Kutasovic and Panos Mourdoukoutas After the boom and bust of the late 1990s, the semiconductor equipment sector has been threading water for almost a decade, due to the stigma of the dot.com that marked the high tech boom, and the prolonged stagnation in capital spending by the likes of Intel (