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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST

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To: Sun Tzu who wrote (3302)3/2/2002 5:42:52 PM
From: HoodBuilder  Read Replies (2) of 3813
 
I've never visited this board but after reading the following comment from Bill Fleckenstein I find it rather odd that folks think that the bubble is about to be re-inflated. Current NVLS stockholders need to ask themselves a few questions... How much money does NLVS need to earn in order to justify today's price (they're now loosing money), what should gross revenues be and where will the stock price be when they're hitting these numbers? I invite replies.

Genus Novellus, Species Insider Sellus The fact that you have a company with current revenues of about $600 million against a market capitalization of about $6.6 billion and the company is losing money is completely ignored by people in the misguided belief that somehow, the "great" news about the future makes it a bargain. It's a free world and people are welcome to believe what they want to believe, but if things are so great, how come the very same Rick Hill just sold 237,000 shares? I guess he wanted to make sure that somebody else could get a good price on his stock. I guess he's trying to be charitable. In any case, that's the kind of noise that passes for information, that suckers people into thinking they are investing rather than engaging in what is properly called "speculation
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