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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 (3675)2/15/2008 10:12:50 AM
From: Cary Salsberg  Read Replies (1) of 3813
 
Hi Etch,

I listened to the AMAT earnings conference, but not the analyst day presentation. I didn't hear anything about this news, but, if true, it would be very good for NVLS.

A real story for NVLS, which seems to be overlooked, is their share buy back. You can check my figures, but I recall that they had 105 million shares at year end and had bought back 21 million shares in 2007. At $23.50, market cap is $2.47B. With over $700 million in cash and expected positive cash flow, NVLS could continue to make significant buy backs.
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