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

To: robert b furman who wrote (3340)	7/22/2002 4:54:32 PM
From: Gottfried	Respond to of 3813

Bob, *** 29 NDX stocks have PnF buy signals - down from 31 Friday NDX stocks on PnF buy signals 7/15 7/22 ALTR ADRX ADRX ADRX ADRX ADRX APOL ALTR ALTR ALTR ALTR AMCC BRCD AMCC AMCC AMCC AMCC AMZN BRCM AMZN AMZN AMZN AMZN BRCD CHKP APOL APOL APOL BRCD BRCM CSCO BRCD BRCD BRCD BRCM CEPH EBAY BRCM BRCM BRCM CEPH CHKP FLEX CEPH CEPH CEPH CHKP CSCO HGSI CHKP CHKP CHKP CSCO FLEX IDPH CSCO CSCO CSCO ESRX GILD INTC EBAY EBAY EBAY FLEX HGSI KLAC FLEX ERTS ERTS GILD ICOS MXIM HGSI FLEX ESRX HGSI IDPH NVDA ICOS GILD FLEX ICOS INTC NXTL IDPH HGSI GILD IDPH JNPR ORCL INTC ICOS HGSI INTC KLAC PDLI JNPR IDPH ICOS JNPR MXIM QCOM KLAC INTC IDPH KLAC NVLS QLGC MXIM JNPR INTC MXIM NXTL SPOT NVDA KLAC JNPR NVDA ORCL SYMC NVLS MXIM KLAC NVLS PDLI NXTL NVDA MXIM NXTL QCOM ORCL NVLS NVDA ORCL QLGC PDLI NXTL NVLS PDLI SEPR QCOM ORCL NXTL QCOM SPOT QLGC PDLI ORCL QLGC SYMC SPOT QCOM PDLI SEPR VRTS SYMC QLGC QCOM SPOT YHOO YHOO SEPR QLGC SYMC SPOT SEPR VRTS SYMC SPOT YHOO TMPW SYMC VRTS TMPW YHOO VRTS YHOO

To: robert b furman who wrote (3340)	7/22/2002 5:02:21 PM
From: The Ox	Respond to of 3813

Novellus matches Q2 profit target --4:16pm - By August Cole Novellus Systems (NVLS) said Monday that profit for the second quarter fell 80 percent from the year-ago period as the chip equipment maker's revenue slumped. Profit totaled $12 million, or 8 cents a share, for the quarter, while revenue came in at $222.1 million. According to Thomson Financial/First Call's consensus survey of analysts, the firm was targeted to earn 8 cents a share. Novellus earned $59 million, or 40 cents a share, in the year-ago period.

To: robert b furman who wrote (3340)	7/23/2002 8:47:05 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 3813

Take the opinions of these people for what they are worth.....that is for each individual to decide:-) Novellus Systems (NVLS / Nasdaq) Salomon Smith Barney Revising estimates to reflect lower order growth forecasts for 2H02: CY03 EPS from $1.36 to $0.79; CY04 EPS from $2.40 to $1.65. While Novellus orders had outperformed peers, their disappointing order outlook raises risk that other equipment companies guide to sequential order declines, most notably LRCX & AMAT. Stock now trading at 2.3x book, by our analysis; we see downside risk to the $21-24 range but we remain buyers at current levels, closely equivalent to 9/11 valuation. Novellus Systems (NVLS / Nasdaq) Credit Suisse First Boston Reducing EPS estimates to $0.33 for this year and $1 for 2003, to reflect the company's new margin levels. Capacity orders remain elusive. Maintain Hold rating and $35 price target. Novellus Systems (NVLS / Nasdaq) Bank of America Montgomery Cutting our EPS estimates to $0.24 in 2002 and $0.75 for next year, as our second half recovery thesis is not materializing. Maintain Buy rating, as we believe the stock is close to a bottom. Novellus Systems (NVLS / Nasdaq) NEWS The company, whose equipment builds circuits in semiconductors, said third-quarter sales will be $250 million, which is less than the $257.5 million average estimate of analysts polled by Thomson First Call.