Novellus Message Board - Msg: 17131581

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Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

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To: robert b furman who wrote (3292)	2/28/2002 6:41:51 PM
From: Proud_Infidel	Read Replies (1) of 3813

Novellus Sees 1st Quarter 9 Cents/Share Loss By: Pat Maio, Of DOW JONES NEWSWIRES LOS ANGELES -(Dow Jones)- Chip equipment maker Novellus Systems (NasdaqNM: NVLS - news) Inc. (NVLS) said it would beat its previous earnings estimate for the first quarter by a penny a share, as there are signs that the ailing semiconductor industry is beginning to recover, company executives said Thursday In a mid-quarter update, Richard S. Hill, chairman and chief executive of Novellus, said the San Jose company sees a first quarter loss of 9 cents a share, better than a 10 cents-a-share loss it forecast in January when it reported 2001 earnings. "The semiconductor industry experienced its worst downturn in history. Today, I'm happy to report that there are signs of the downturn going away," Hill said. (This story was originally published by Dow Jones Newswires)

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