Novellus Message Board - Msg: 8033296

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Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

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To: Math Junkie who wrote (1933)	2/25/1999 3:31:00 PM
From: Duker	Read Replies (2) of 3813

Details: Novellus To Offer 3.86M Shares At $67.50 Each SAN JOSE (Dow Jones)--Novellus Systems Inc.'s (NVLS) public offering of 3.9 million common shares was priced at $67.50 a share. The company has 34.2 million outstanding shares. In a press release Thursday, the maker of automated wafer fabrication systems said it expects net proceeds of about $255.3 million, excluding over-allotments, from the offering. Novellus will use the proceeds for general corporate purposes. Hambrecht & Quist, the underwriter, has a 30-day option to buy up to 579,000 more shares to cover over-allotments. Nasdaq-listed shares of Novellus recently traded at 67 1/4, down 5/16, or 0.5%, on volume of 3.3 million shares.

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