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Strategies & Market Trends : Moufassa's Lair

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To: moufassa7 who wrote (12645)	4/14/2003 6:56:50 PM
From: KevinThompson	Read Replies (1) of 13660

The corporate books are still being cooked. Here's the latest example. NVLS reports better than expected for Q1 and beats by a penny, then turns right around and warns for Q2. These companies will do ANYTHING to make sure they can report beat by a penny for the current quarter, then expect anal-ysts to lower expectations after warning so that they can beat by a penny next quarter. It's all a game! Dig this, "significant decrease in Q2 bookings projections in last two weeks" - give me a break... =============================================== NVLS Novellus guides Q2 below consensus (27.35 +0.70) On call, says there has been a significant decrease in Q2 (Jun) bookings projections in last two weeks... now expects bookings of approx. $188 mln, shipments of $215 mln, and SAB 101 revenues of $238 mln (Multex consensus is $238.97 mln); Q2 EPS expected to be $0.05 (consensus $0.09)... notes erosion of gross margins associated with product mix

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