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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (56733)	12/1/2001 1:53:04 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Cary, Thanks for your views on EDA industry. I've also recently been looking at ISIL, a designer primarily of chipsets for 802.11 networks. It appears expensive, but market seems poised for rapid growth. Sam

To: Cary Salsberg who wrote (56733)	12/1/2001 2:09:06 PM
From: advocatedevil	Respond to of 70976

Here are some comments from Goldman Sachs as a result of the Novellus mid-quarter update: "...we expect deteriorating fundamentals will lead to weakness in the stock." "Outlook for the first half of 2002 is dismal. Management stated that they are becoming less hopeful of a turn in business fundamentals by the second quarter of 2002. They now believe that it is more likely that we will not see a turn in the business before Q3'02. The company declared that even given cost reductions, they do not expect to be profitable in FQ1 '02, and profitability in FQ2 '02 is uncertain as well. The company has not experienced a loss in any of the recent downturns so this is a watershed event for Novellus as the company insisted as recently as their quarterly conference call that they would maintain profitable." "The market has moved in the past six weeks on macro data points, but we still expect weakness in the stock as both current quarter and future quarter outlook remains bleak." AdvocateDevil