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

To: robert b furman who wrote (3331)	5/23/2002 3:05:16 PM
From: Art Baeckel	Read Replies (1) \| Respond to of 3813

Novellus (NVLS) 46.48 -1.89: In company's mid-quarter update on May 28, Prudential believes NVLS could reiterate order guidance of $250 mln or better (up 43% qtr/qtr). Firm's checks suggest that customer breadth is improving, as opposed to primarily focused to the two major foundries and 2-3 DRAM manufacturers. Pru says its checks suggest visibility could have improved as manufacturing slots are full through Sept/Oct given the surge in orders, and also indicate NVLS has received new wins, such as at STMicroelectronics 300mm facility. Overall, firm thinks call will be constructive and is reiterating Buy rating and $67 price target... NVLS currently down 3.9%. ART