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Politics : Formerly About Applied Materials

AMAT 254.76

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To: Mark Duper who wrote (38299)	10/16/2000 4:02:40 PM
From: Mark Duper	Read Replies (1) of 70976

Did It or Didn't It? Novellus Says They Haven't Released Earnings By Justin Lahart Associate Editor 10/16/00 3:55 PM ET Novellus Systems' (NVLS: Nasdaq - news) shares were dropping after the company's Web site contained what appeared to be a press release with its third-quarter earnings. A spokesperson for the company said the release was "false information." The company is scheduled to release its earnings after the close. The shares were recently off 14% to $34.75, after being higher most of the day. The release said that the chipmaker reported earnings of 62 cents per share, matching the First Call/Thomson Financial estimate. Revenues came in at $359.1 million, up 10% from $326.0 million in the second quarter and 132% from the third quarter of 1999.

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