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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 (3457)7/18/2003 10:02:55 AM
From: Proud_Infidel  Read Replies (1) of 3813
 
FWIW....not much IMO:

9:38AM Fahnestock reits Sell on Novellus; target $22 (NVLS) 36.56 +0.06: Fahnestock reiterates their Sell rating and $22 target; while firm believes that the co's exposure to the copper equipment mkt gives it above-avg growth potential, they are concerned that the co's acquisitions will meaningfully reduce its margins; also, firm cautions that industry visibility remains low, and while orders from two large Asian co's may boost Q3 bookings, they do not expect a significant order upturn to begin until Q4.
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