Novellus Message Board - Msg: 18032950

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Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

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To: Andy H who wrote (3389)	9/25/2002 9:31:04 AM
From: Proud_Infidel	Read Replies (1) of 3813

Novellus Systems (NVLS / Nasdaq) Bank of America Montgomery We are cutting our estimates again assuming a sharper decline in bookings. We think the company will miss their guidance for the September quarter. Our new FY03 estimate is breakeven vs. the prior projection of $0.31. The company has one of the strongest financial models. We continue to rate NVLS a Buy.

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