Novellus Message Board - Msg: 14930760

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: zwolff who wrote (3079)	12/2/2000 12:02:59 PM
From: zwolff	Read Replies (1) of 3813

More on NVLS vs AMAT: Bank of America: NOVELLUS SYSTEMS, INC. (NVLS) BUY Pulling Back Estimates; Valuation Close To Trough ? We have cut our FY’01 estimates for NVLS to reflect the increased uncertainty in semiconductor cap-ex spending and the increased risk of delays and pushouts. Our forecast for next year’s revenues and earnings is $1.6 billion and $2.45 compared to our old estimate of $1.8 billion and $3.03. Management guidance is $2.0 in revenues. ? The company has a very strong new product pipeline- dielectric CVD, copper electroplating and copper barrier/seed PVD that will likely keep the company’s growth well ahead of the industry growth rate. In addition, the outsourcing mfg. model at NVLS enables management to reign in expenses faster than any other company in the sector as fundamentals decline. === Edit: Even assuming that BAs lowered estimates for NVLS hold we still get an implied forward PE for NVLS of 10.64! This without taking into account $8+ per share in cash..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next