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Technology Stocks : Novellus (NVLS) It's Day Is Here
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To: Teri Skogerboe who wrote (36)12/31/1996 2:03:00 AM
From: Cary Salsberg   of 59
 
Teri,

NVLS doubled its summer lows and has held the gains well up to these past two days. Most of the major semi-equips have pulled back from their recent highs. The last AMAT guidance established the long term UP trend for the stocks and the bottom of the industry downturn, but near term uncertainty for the next 6 months will make the stocks act erratically. NVLS is due for one or two relatively disappointing quarters, but any negative market reaction should be used to increase positions if you were not lucky(smart?) enough to buy your fill in the low and middle 30s.

Cary
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