Novellus Message Board - Msg: 4333366

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Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

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To: Alan Gallaspy who wrote (1458)	5/5/1998 2:11:00 PM
From: Steve Fancy	Read Replies (1) of 3813

Applied Materials, Other Chip Equipment Makers Get Advest Coverage NEW YORK -(Dow Jones)- Advest Inc. Tuesday initiated coverage of four makers of semiconductor equipment. Applied Materials Inc. (AMAT), Novellus Systems Inc. (NVLS) and Applied Science & Technology Inc. (ASTX) all got strong "buy" ratings, while Lam Research Corp. (LRCX) got a "market perform." Advest estimated Applied Materials will earn $1.45 a share in 1998, and set a 12-to-18-month share-price target of $50. The firm estimated Novellus will earn $2.10 a share in 1998, and set a 12-to-18-month share-price target of $70. ================================ RESEARCH ALERT - Semiconductor equipment stocks NEW YORK, May 5 (Reuters) - Salomon Smith Barney said on Tuesday analyst Milind Bedekar started coverage on shares of semiconductor equipment companies, including Applied Materials Inc. (NASDAQ:AMAT) with a buy rating. Stock up 1/2 to 36-3/8. -- Novellus Systems Inc. (NASDAQ:NVLS) started as outperform with $51 price target. -- Novellus stock up 1/2 to 48-3/8. -- Nanometrics Inc. (NASDAQ:NANO) started with buy rating and $15 per share price target.

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