Semiconductor equipment maker Lam Research this afternoon posted better-than-expected results for its fiscal first quarter ended September 23.

FORBES: Lam Research FY Q1 Revs, EPS Tops Street Expectations

Shares of semiconductor equipment maker Lam Research (LRCX) are trading lower this morning on bearish comments from Citigroup analyst Timothy Arcuri.

FORBES: Lam Research Slides; Citi Sees Samsung Pushing Out Orders

Covello today cut his ratings on Analog Devices (ADI), Linear Technology (LLTC), Lam Research (LRCX) and KLA-Tencor (KLAC) to Neutral from Buy.

FORBES: Chips: Some Analysts Turn Cautious

Citigroup analyst Terence Whalen this morning turned cautious on the semiconductor equipment sector, cutting his rating on Lam Research to Hold from Buy, and trimming estimates on Lam, KLA-Tencor and Applied Materials.

FORBES: Connect

He thinks the extra spending from Intel could boost 2011 EPS by 8 cents a share each this year for Novellus and KLA. He also sees noteworthy profit boosts for Varian Semiconductor (VSEA), Applied Materials (AMAT) and Lam Research (LRCX).

FORBES: Update: Intel Opens Wallet, Semi Equipment Shares Rally

Goldman Sachs analyst James Covello this morning cut his rating on Applied Materials to Sell from Neutral, while reducing his stance on Lam Research to Neutral from Buy, asserting that a recent rally in semiconductor equipment shares has created significant downside risk for the group.

FORBES: Applied, Lam Slide; Goldman Warns Of Slowdown Ahead

There are between 8m and 12m Catholics in China, according to Anthony Lam of the Holy Spirit Study Centre, a research institute in Hong Kong.

ECONOMIST: The Catholic church