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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: zwolff who wrote (3080)12/4/2000 10:18:05 AM
From: Platter  Read Replies (2) of 3813
 
Novellus (NVLS) : Banc of America Sec reiterates BUY rating and price target of $60. Says bookings expectations lowered on Korean push-out due to Hyundai-now expects $450 mln versus firm's $515 mln estimate; however firm says new products look especially strong and says current price on a relative basis is where stock bottomed in 1998 and 1996.
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