Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 268.72

+1.3%

Dec 3 3:59 PM EST

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To: Tito L. Nisperos Jr. who wrote (64063)	5/28/2002 7:34:08 PM
From: StanX Long	Read Replies (1) of 70976

NVLS Raises Outlook from 6 cents to 8 cents, but no third quarter guidance. ;0( Stan 05/28 19:01 Novellus Raises 2nd-Qtr Profit Forecast to 8c-Share (Update2) By John Stebbins San Jose, California, May 28 (Bloomberg) -- Novellus Systems Inc., whose equipment builds circuits in semiconductors, said second-quarter earnings will exceed forecasts as cost reductions boost profitability. Profit will fall to 8 cents a share, compared with an April 15 forecast for 6 cents, the company said on a conference call with analysts and investors. Novellus reiterated that revenue will drop to $220 million, Treasurer Robin Yim said in an interview. Novellus shares slipped after the call because the company didn't give a third-quarter forecast, said Frederick Wolf, an analyst at Adams, Harkness & Hill. Investors were expecting a more optimistic outlook after Semiconductor Equipment and Materials International said the industry's April book-to-bill ratio rose to 1.20. It was the second straight month that orders beat shipments. quote.bloomberg.com

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