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More from Needham: The firm is reiterating a Buy on Lam Research (LRCX). It believes the...

More from Needham: The firm is reiterating a Buy on Lam Research (LRCX). It believes the aggressive capex plans outlined in Intel's Q4 report bode well for the company, as do the spending plans of TSMC and Samsung, and Lam's exposure to faster-growing segments of the chip equipment market. However, Needham is also downgrading Texas Instruments (TXN) to Hold on valuation concerns.
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