vic-------- INTC will be a better guage but it looks like CPQ may just have been 1st.
Novellus Q1 shr $0.25 vs $0.60
SAN JOSE, Calif., April 12 (Reuters) -
NOVELLUS SYSTEMS INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
Three Months Ended
Mar 27, Mar 28,
1999 1998
Net Sales $115,231 $163,214
Cost of Sales 54,097 73,283
Gross Profit 61,134 89,931
Operating Expenses
Research & Development 26,544 30,872
Selling, General and
Administrative 21,871 27,348
Total Operating Expenses 48,415 58,220
Income from
Operations 12,719 31,711
Interest Income,
Net 1,348 31
Income before
Income Taxes 14,067 31,742
Provision for
Income Taxes 4,642 10,792
Net Income 9,425 20,950
Basic Net Income per
Share 0.26 0.62
Diluted Net Income
per share 0.25 0.60
Shares Used in Basic |
