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

To: James Calladine who wrote (3245)	7/16/2001 8:11:02 PM
From: LTK007	Respond to of 3813

<anyway, his answer was that he likes to think it's the bottom, but it's tough to say...> o that is inspiring:) might as well have said "i like to think there is a Santa Claus,but it's tough to say" max

To: James Calladine who wrote (3245)	7/16/2001 9:03:36 PM
From: Jerome	Read Replies (1) \| Respond to of 3813

The NVLS conference call was very positive in my estimation. I watched the stock price of NVLS and AMAT trade lower as the c.c. proceeded. Exactly what were the short term traders hoping to hear? (the bottom has passed and NVLS has a couple of billion dollars in back orders to fill?) My impressions were this....NVLS will be profitable next quarter at about $.24 in earnings. Not fantastic but a whole lot better than many companies in the semi-equipment space. There will no employee layoffs. Hill said that it is not needed and just demoralizes the staff. (Mr. Nassar of Ford Motor fails to grasp this simple concept) Costs are declining at a more rapid pace than is revenue. This is a real plus. Order push outs by some customers were offset by new unexpected orders. Inventories have increased slightly because when the tide turns this will be a plus. (and a necessity) NVLS is taking market share from competitors (not named but probably AMAT) Expect continued growth in this area, next year at a 10% clip. Since I invest in the area with most of my available funds, it is my preference to focus on companies that have earnings and a good outlook. NVLS and LRCX should not be ignored in a semi-equipment portfolio. Probably a decent rally tomorrow or Wednesday after INTC reports. Regards, Jerome