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Technology Stocks : Compaq

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To: Captain Jack who wrote (97152)	4/15/2002 5:46:27 PM
From: Elwood P. Dowd	Read Replies (1) of 97611

NVLS soaring in AHT on the following news: Reuters Technology Novellus Sees Earnings Above Forecasts NEW YORK (Reuters) - The head of semiconductor production equipment maker Novellus Systems Inc.(NasdaqNM:NVLS - news) on Monday said he expected the company to earn 6 cents a share in the second quarter, far above Wall Street's average outlook. Chairman and Chief Executive Richard Hill said expected Novellus to book $220 million in revenue, under new accounting rules that require companies to recognize revenue only after the product has been shipped and accepted by the customer. Speaking to analysts during a first-quarter conference call, Hill also said he predicted net bookings of $250 million, and shipments of $215 million. An average of 23 analysts had expected the company to post a loss of 1 cent a share, according to research firm Thomson Financial/First Call. Estimates ranged from a profit of 10 cents a share to a loss of 7 cents a share.

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