Novellus Message Board - Msg: 20814646

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Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

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To: Proud_Infidel who wrote (3529)	11/30/2004 10:29:07 PM
From: Kirk ©	Read Replies (2) of 3813

Today we got: "The San Jose, California-based company said it expected revenue of $325 million to $330 million and earnings of 24 cents to 26 cents a share. New orders, an indicator of future revenue, are expected to reach $325 million to $330 million. In October, Novellus targeted orders of $320 million to $330 million, revenue of $300 million to $330 million, and earnings of 19 cents to 26 cents a share." OK, that is today. In this report Message 20637392 they said they shipped $382.2M last Q so this means they are still seeing a serious decline in orders, but not nearly as bad as they said it could be. ($382-$325)/$382 is "only" 15% which is quite a bit better than ($382-$300)/$382 or 21% It is great news that after about 6 or 7 weeks into the quarter they project the high end of the original guidance. If things continue to improve, then they could do even better! After Hours has NVLS at 27.55 Up 0.61 (2.26%) which gains back 2/3rds fo what they lost today. finance.yahoo.com

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