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


To: Andy H who wrote (3389)9/25/2002 9:31:04 AM
From: Proud_Infidel  Read Replies (1) | Respond to of 3813
 
Novellus Systems (NVLS / Nasdaq)
Bank of America Montgomery
We are cutting our estimates again assuming a sharper decline in bookings. We think the company will miss their guidance for the September quarter. Our new FY03 estimate is breakeven vs. the prior projection of $0.31. The company has one of the strongest financial models. We continue to rate NVLS a Buy.