Novellus Message Board - Msg: 20589291

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: heavenly who wrote (3523)	10/1/2004 12:21:51 PM
From: Proud_Infidel	Read Replies (1) of 3813

Novellus To Experience 'Above-Average Growth' 10.01.04, 12:14 PM ET J.P. Morgan raised its rating on Novellus Systems (nasdaq: NVLS - news - people ) to "overweight" from "neutral" and cut earnings estimates on the semiconductor-equipment company. "We expect large-cap leadership equipment companies/stocks to outperform the market for the next several quarters," J.P. Morgan said. "Further, as there is substantially more downturn-related financial risk to small caps, we think large caps can perform better than our universe average for the next several quarters." The research firm said Novellus has improved its research and development capabilities. "We [believe] this enhances Novellus' prospects for above-average growth over the next several cycles as it commercializes new products in previously un-served market segments," J.P. Morgan said. The research firm lowered its 2004 and 2005 earnings estimates to $1.15 and $1.34 per share, from $1.17 and $1.50, respectively. For 2006, it estimates earnings of $1.65 per share.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next