Novellus Message Board - Msg: 21374050

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Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

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To: etchmeister who wrote (3584)	5/31/2005 2:43:20 PM
From: Proud_Infidel	Read Replies (2) of 3813

It certainly impresses someone.....NVLS is currently up 4.17%. Novellus' Raised Guidance Doesn't Impress 05.31.05, 2:31 PM ET Prudential Equity Group maintained an "underweight" rating and $25 target price on Novellus Systems (nasdaq: NVLS - news - people ), saying the company's slightly improved second-quarter outlook is "nothing to get excited about." Novellus raised the earnings-per-share guidance for the quarter to a range of 20 cents to 22 cents, up from a previous range of 17 cents to 20 cents. Revenue was increased to a range of $325 million to $330 million, up from a previous range of $320 million to $330 million. In addition, Novellus raised the order outlook for the second quarter to a range of flat to up 3%, from the previous "flat" guidance. "The good news is that Novellus order guidance gives us more certainty that the industry bottom is behind us," Prudential said. "However, the bad news is that the order inflection is not very strong despite improving capacity utilization rates and semiconductor unit growth." Prudential slightly raised its full-year 2005 earnings-per-share estimate on Novellus to 88 cents from 87 cents.

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