Novellus Message Board - Msg: 14597218

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Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

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To: Art Baeckel who wrote (2975)	10/17/2000 11:43:01 AM
From: Art Baeckel	Read Replies (1) of 3813

Market News : Tech Movers Novellus Earnings Matches Expectations; Estimates Raised By TSC Staff 10/17/00 8:28 AM ET Novellus (NVLS:Nasdaq - news) was up 2.9% in preopen Island trading after it posted third-quarter earnings of 62 cents per share, matching the Street estimates. In the year-ago period, the semiconductor equipment maker earned 18 cents per share. Novellus said sales more than doubled. ABN AMRO raised its fourth-quarter estimate to 72 cents per share from 70 cents and its 2001 estimate to $3.20 from $3.40. Goldman Sachs lifted its 2000 forecast to $2.34 from $2.28 and its 2001 outlook to $3.15 from $2.90. Send letters to the editor to letters@thestreet.com. Read our conflicts and disclosure policy.

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