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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (35269)	11/26/2001 1:45:57 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70382

07:52 ET Novellus (NVLS) 36.94: In a preview of NVLS' mid-quarter conference call set for Thursday, November 29, Lehman Brothers expects the company to stick with its current guidance; the company's current guidance calls for a 30% sequential decline in revenues to $200-$215 mln, EPS of $0.11 and flat to 20% higher sequential orders; Lehman says there is no evidence external to the company that suggests it cannot meet its revenue target; nonetheless, firm believes the company's outlook for 2002 remains uncertain; maintains its Market Perform rating. 23:55 ET STMicroelectronics (STM) 34.55: Europe's largest chip maker sees signs that industry turning around, reports Wall Street Journal... Company notes that could see double-digit growth by end of '02 (though predicts roughly 0% growth for sector for all of 2002), and high-20s growth in '03.