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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: SemiBull who wrote (3379)8/28/2002 7:36:18 PM
From: SemiBull  Read Replies (1) of 3813
 
9:08AM Novellus expected to cut Sept outlook to down 30% - Piper Jaffray (NVLS) 25.14: USB Piper Jaffray expects NVLS during their Aug 29 mid-qtr update to revise its order guidance outlook downward for the Sept qtr from -10% sequentially to down as much as 30%; in addition, firm also believes that the front-end semi equipment co's as a group will experience sequential order declines of 25%-30% in Q3 vs previous est of -20%; KLAC should fare better than the group avg, or possibly down 10%-15% sequentially, while LRCX and NVLS will likely perform at the low end of the range, or -30%. Believes that Q4 orders could be down sequentially from Sept and that the next uptick in orders could occur during 1H03.
finance.yahoo.com
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