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

To: Kirk © who wrote (3311)	3/3/2002 8:48:00 PM
From: Cary Salsberg	Respond to of 3813

I would not use the term "mature industry" to describe the semi-equips. There are elements of maturity, but the industry is reaching the most difficult part of the Moore's Law curve and this will inject greater opportunity than is usually available in a "mature" industry.

To: Kirk © who wrote (3311)	3/13/2002 1:03:54 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 3813

12:29AM Novellus estimates raised at BofA, order flow strong (NVLS) 49.92 -1.89: -- Update -- Banc of America says that channel checks indicate that order flow in the last two weeks has been very strong, and that mgmt will report orders at the high end of the guidance range; firm believes that the strength is due to INTC, TSM, UMC, IBM, Samsung, and STM. Raises FY02 est to $0.17 from $0.07, FY03 to $1.20 from $1.11, and moves break-even point up one qtr to June. Price target is $60, and recommends accumulating shares in the $40-$45 range.