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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: cluka who wrote (2593)	1/19/2000 1:59:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 3813

RESEARCH ALERT - Novellus target upped to $64 Reuters, Jan 19, 2000 12:35 hrs NEW YORK, Jan 19 (Reuters) - Warburg Dillon Read LLC on Wednesday said it had raised its price target and an earnings estimate for Novellus Systems Inc. (NASDAQ:NVLS). -- The price target was raised to $64 from $40 and the strong buy rating was reiterated. -- Fiscal year 2000 earnings per share estimates were raised to $1.56 from $1.50. Fiscal year 2001 earnings estimates of $1.91 were set. -- Revenues for the March quarter are expected to be up by at least 30 percent compared to the previous quarter. -- Shares of Novellus were up 9-16 at 52-3/4 in trade on the Nasdaq stock market. Copyright 2000, Reuters News Service