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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: Steve Fancy who wrote (2434)10/11/1999 5:31:00 PM
From: Tony Wang  Read Replies (1) of 3813
 
These earnings were huge. This is like Oracle last quarter.
The revenues and operating profits shows that the semiconductor industry is in a bull market. If AMAT comes out with similar earnings type, these stocks will go to substantial new highs. Perhaps the Taiwan earthquake will
cause DRAM manufacturers to buy more semiconductor equipment
to replace those damaged or destroyed. And if DRAM prices
remain high, then they will not be afraid to spend in the 4th quarter to meet demand. Looks like all the pieces are in for a continued bull market in these guys.
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