Novellus Message Board - Msg: 9564652

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Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

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To: Duker who wrote (2233)	5/17/1999 12:27:00 PM
From: Steve Fancy	Read Replies (1) of 3813

RESEARCH ALERT - Salomon cuts semi equipment cos Reuters, Monday, May 17, 1999 at 11:52 NEW YORK, May 17 (Reuters) - Salomon Smith Barney said Monday it downgraded four semiconductor equipment companies to outperform from buy. -- Downgraded companies are Applied Materials Inc. (NASDAQ:AMAT), KLA-Tencor Corp. (NASDAQ:KLAC), Lam Research Corp. (NASDAQ:LRCX) and Novellus Systems Inc. (NASDAQ:NVLS). -- Said sees flattening industry orders at the end of 1999 and early 2000. -- Applied Materials shares fell 1-1/16 to 59-5/8, KLA-Tencor fell 1-5/8 to 49-7/8, Lam Research fell 1-5/16 to 29-1/2 and Novellus fell 2-11/32 to 51-11/16. Copyright 1999, Reuters News Service

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