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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: Kirk © who wrote (3311)3/13/2002 1:03:54 PM
From: Proud_Infidel  Read Replies (1) of 3813
 
12:29AM Novellus estimates raised at BofA, order flow strong (NVLS) 49.92 -1.89: -- Update -- Banc of America says that channel checks indicate that order flow in the last two weeks has been very strong, and that mgmt will report orders at the high end of the guidance range; firm believes that the strength is due to INTC, TSM, UMC, IBM, Samsung, and STM. Raises FY02 est to $0.17 from $0.07, FY03 to $1.20 from $1.11, and moves break-even point up one qtr to June. Price target is $60, and recommends accumulating shares in the $40-$45 range.
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