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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (1082)4/15/2002 5:36:17 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 6346
 
I like this guy's take on NVLS....

Message 17150492



To: Jorj X Mckie who wrote (1082)4/15/2002 5:47:21 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 6346
 
Umm...

Are we discussing the same NVLS?

:)

(didn't follow the CC though)

Reuters Technology
Novellus First-Quarter Sales Tumble

SAN JOSE, Calif. (Reuters) - Novellus Systems Inc. (NasdaqNM:NVLS - news), which makes semiconductor production equipment, on Monday said sales dropped 63 percent in the first quarter, as the chip equipment industry slump dragged into the new year.

In the quarter ended March 30, Novellus said it recorded a loss of $3.3 million, or 2 cents a share, excluding a one-time net special benefit and a gain on the sale of an investment. In the year-ago quarter, the company earned $82.1 million, or 55 cents a share.

Net sales tumbled to $169.7 million from $458.7 million in the same quarter last year.

After the effect of the special items, Novellus said it earned $3.8 million, or 3 cents a share.

Shares of Novellus rose $1.69, or 3.5 percent, to $50.40 on Monday.