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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: Alan Gallaspy who wrote (3296)3/1/2002 8:13:47 AM
From: Proud_Infidel   of 3813
 
7:20AM Novellus upped at Robbie (NVLS) 42.59: Robertson Stephens upgrades to BUY from Mkt Perform after the co due to an upwardly revised bookings outlook driven by the strong uptick in bookings from DRAM manufacturers and early logic adopters of copper for both 200mm and 300 mm. Lowers Q1 loss est to ($0.09) from ($0.10) and 2002 to $0.19 from a loss of ($0.03); raises price target to $50 from $40.
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