Earnings: Semiconductor Message Board

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Technology Stocks : Earnings: Semiconductor

INTC 41.34

-0.4%

Oct 29 3:59 PM EDT

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To: Kirk © who wrote (235)	1/26/2004 6:35:22 PM
From: 2MAR$	Read Replies (1) of 266

NVLS ($41~$37) forecasts profit at lower-end of estimates Monday January 26, 4:55 pm ET SAN FRANCISCO, Jan 26 (Reuters) - Novellus Systems Inc. (NasdaqNM:NVLS - News) on Monday forecast a profit of 8 cents a share, at the lower-end of Wall Street forecasts, and said it was giving a conservative forecast for new orders in the quarter. The company, which makes equipment used to produce microchips, also said it expected revenue in the range of $240 million to $250 million, with order bookings of $305 million to $315 million. Wall Street analysts were expecting a profit in the range of 7 cents to 15 cents a share, according to Reuters Research, a unit of Reuters Group Plc. Chief Executive Richard Hill told analysts in a conference call that customers have been "trying to be more conservative on capital expenditures, so we're taking a conservative approach on what orders would be during the first quarter."

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