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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Teri Garner who wrote (258014)	8/28/2003 5:17:52 PM
From: mishedlo	Read Replies (1) of 436258

16:53 ET Novellus comments on industry/geographical conditions (NVLS) 40.85 +0.15: -- Update -- On call, NVLS says it is "remains cautious" and not looking for a "hockey-stick shaped" recovery, but rather a "sustained" recovery... NVLS believes it is in the midst of a pick-up... Management says Japan is strong, Europe is showing some strength, and the "rest is flat." ========================================================== WTF? Why are they writing off inventory if they are looking for a "sustained" recovery. This really reeks M

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