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

To: Proud_Infidel who wrote (2745)	8/29/2002 5:18:40 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

4:46PM Novellus comments on IT spending (NVLS) 24.29 +0.11: -- Update -- On its call, company says corporate spending has been very slow, but Q3 is seeing a slight uptick. Consumer spending has slowed and is more than offsetting the uptick on the corporate side... stock at 23.70. 4:43PM Novellus suffers from push-outs (NVLS) 24.29 +0.11: -- Update -- On its call, company says bookings guidance of $220 mln could be "as low as $200 mln".....Over the last three weeks, NVLS has seen "significant push-outs from two key customers.".... stock at 23.62. 4:40PM Novellus lowers bookings and shipment guidance (NVLS) 24.29 +0.11: -- Update -- On its conference call, company lowers Q3 bookings guidance to $220 mln vs July 22 guidance of $250 mln... shipments should be $245 mln vs earlier guidance of $260 mln due to push-outs from key customers.... stock at 23.70. 4:38PM Sun Microsystems says no improvement in IT spending environment (SUNW) 3.83 -0.13: During mid-qtr update, says it has seen no improvement in IT spending environment, and notes some would say it has even worsened... expects fiscal Q1 revenues will now be closer to the bottom end (i.e. closer to 15%) of the 10-15% sequential decline range it previously provided, plus or minus a small amount... sees no significant change in gross margin rate or operating expense spending level versus Q4.