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To: marginmike who wrote (182091)7/22/2002 4:23:00 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
>>SAN JOSE, Calif., July 22 (Reuters) - Novellus Systems Inc. (NasdaqNM:NVLS - News), a maker of semiconductor production equipment, on Monday reported an 80 percent fall in second-quarter profit as a chip slump took a toll on sales.

In the quarter ended June 29, Novellus said it earned $12.0 million, or 8 cents per diluted share, off from the year-ago profit of $59.2 million, or 40 cents a share.

Sales fell 41.1 percent to $221.1 million from $376.9 million a year earlier.
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