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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST

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To: Skeeter Bug who wrote (1991)3/5/1999 4:36:00 PM
From: Math Junkie  Read Replies (2) of 3813
 
<<anybody put 2 and 2 together and asdk themselves why this company needs so much money immediately after the biggest semi equipment boom in the history of the world?>>

Since they are in an industry with strong up- and down-drafts, the ones who survive best are the ones with lots of cash on hand. As the former CFO of a company I worked for said, you raise money when the market supports it. Also, I don't know what you've been smoking, but if you call this "immediately after the biggest semi equipment boom in the history of the world", it must be a pretty potent blend.

<<can anybody say - non cash flow business?>>

Again, you've got a good imagination. I don't have their cash flow figures, but with net income of $1.51 per share for the year and $0.23 per share for the quarter, it can't have been too bad.

novellus.com
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