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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: EACarl who wrote (2314)7/19/1999 12:00:00 PM
From: Henry Eichorszt  Read Replies (1) of 3813
 
NOVELLUS SYSTEMS (NVLS 72) DOWN 3, POSTS $0.31 VS. $0.46 2Q
EPS ON 8.3% LOWER SALES... PRUDENTIAL SAYS RESULTS IN LINE, BUT NOT AN UPSIDE
SURPRISE... Analyst John Pitzer tells salesforce co. reported in line with
Street, above his $0.30 EPS estimate... Says revenues of $130M exceeded his
$125M estimate... However, says because this was not upside surprise, not
surprised to see shares selling off today... Notes management scheduled
conference call this a.m. to discuss results... Maintains accumulate./K.Bian
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