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Politics : Formerly About Applied Materials

AMAT 259.08

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3:59 PM EST

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To: Toby who wrote (18921)	4/21/1998 4:29:00 PM
From: The Vinman	Read Replies (1) of 70976

<<Novellus......great quarter>> Novellus didn't post a great quarter. The estimates have been reduced so low for all of the Semi Equipment companies its almost impossible not to make the earnings, and many beat it by a cent. Novellus also said they were cautious about the future, which doesn't sound to optimistic to me. At least one analyst lowered estimates for coming quarters, stating that next Q could be 10% lower than last year in rev's. He basically stated that there would not be a turn around in the industry this year. Vinman

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