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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: still learning who wrote (1543)7/16/1998 1:20:00 PM
From: TOM KARIS  Read Replies (2) of 3813
 
next qtr revs will be down 25%. he called and told me while you are still waiting for those moron reporters to come out and tell you.
the downgrades realistically should have been out by now, but they will hold out until they sell their inventory at these ridiculous levels considering the outlook.

Any moron(including my broker) can read a release.What he called to tell me was what the outlook was going forward. Shorted this morning at 39 7/8 on a hunch. The release was in line with their guidance.

Still learning,
My broker will want an apology when the news hits.Don't forget, I'll
be waiting..

Good Luck
TK
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