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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: robert b furman who wrote (3419)5/27/2003 2:29:03 PM
From: Proud_Infidel  Read Replies (1) of 3813
 
There aren't many things more satisfying than watching NVLS go up 8% on a Sell reiteration:

NOVELLUS SYS (NasdaqNM:NVLS) - Trade: Choose Brokerage
Last Trade
2:26pm · 30.793 Change
+2.233 (+7.82%)

8:28AM Novellus reit Sell at Fahnestock; near-term risk to $17 (NVLS) 28.56: While Fahnestock believes that co's exposure to the copper equipment mkt gives Novellus above-average growth potential, firm is concerned that its acquisitions will meaningfully reduce margin potential. In addition, cautions that industry visibility remains low and firm does not expect a significant order upturn to begin until Q4. Fahnestock sees near-term risk in the shares to the $17 level; firm's 12-month target is $22.
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