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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: Gottfried who wrote (3459)7/21/2003 5:13:56 PM
From: Proud_Infidel  Read Replies (1) of 3813
 
4:59PM Novellus explains lower than expected Q3 revenues forecast (NVLS) 34.55 -1.15: -- Update -- On call, NVLS credits the sequential drop in revenues to a shift in product mix to Japan... The latter compounds the SAFB101 clause, and will "extend" the lag effect for sales realizations by 60-90 days, and into Q4 (Dec).

4:53PM Novellus guides revenues below consensus estimates (NVLS) 34.55 -1.15: -- Update -- On call, NVLS sees Q3 (Sept) bookings of $220 mln, shipments of $210 mln, and revenues of $220 mln -- the latter falls below the Reuters Research consensus estimate of $232.9 mln... As for profititability, NVLS expects to be breakeven in Q3, which may include charges... The consensus estimate stands at $0.05.

4:43PM On call, Novellus says Q3 profits will be down, and revenues will be 'down significantly' (NVLS) 34.55 -1.15: -- Update -- More details to follow...
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