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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (118996)	8/30/2001 6:40:48 PM
From: patron_anejo_por_favor	Read Replies (2) of 436258

Novellus guides down on both bookings and shipments (well, at least it won't hurt the B-to-B, right!<G>) cbs.marketwatch.com Last year, Novellus brought in revenue of $359.1 million and earnings of 62 cents a share. Looking ahead, the company said third-quarter bookings of $160 million were at the low end of the previously forecast range. In addition, shipments are expected to come in at $200 million, down from the $215 million previously estimated. "These are uncertain and turbulent times," said Peter Hanley, president of Novellus, during the call. The company said it has acted to reduce costs throughout the year and will do what it takes to keep up its fiscal position. However, Novellus did not specifically comment on future layoffs. Asked to comment on business in Europe and Japan, executives said it was the worst that the company has ever seen.

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