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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (46829)	2/12/1999 8:55:00 PM
From: upanddown	Read Replies (2) of 132070

Mike Any idea what levitation act NVLS is performing these days ? Up big today with tech imploding and the equipment guys down. Must have been this stunningly positive news or the fact that they are my only tech puts.<g> Novellus (NVLS) CEO Richard Hill said he sees an improved outlook for the semiconductor industry. Hill pointed to a resumption in capital spending and improving conditions in Asia, particularly Korea. Hill said he's "comfortable" with analysts' estimates of $110 million in sales for the quarter ending in March, with earnings of about 24 cents a share. While he called those "reasonable numbers," he added "They could be better than that. If they keep this up, they will be back to where they were two years ago. That should be worth at least a 50 PE. John

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