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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (2743)	8/29/2002 5:16:54 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

Novellus Expects to Miss Guidance Thursday August 29, 5:05 pm ET SAN JOSE, Calif. (Reuters) - Novellus Systems Inc.(NasdaqNM:NVLS - News) , a maker of semiconductor production equipment, said on Thursday it expected to report lower-than-expected earnings, revenue and orders for the third-quarter, citing order delays by two customers. "The outlook is very, very murky and the general feeling tends to be negative rather than positive," Chief Executive Richard Hill said. In a mid-quarter update, Novellus said it expected orders of $220 million, or possibly as low as $200 million, compared to earlier guidance of $250 million. The company also said it expected third-quarter revenue of $230 million, and would report break-even results. The company had previously indicated that it expected revenue of $250 million and earnings of 2 cents a share.