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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (8277)	1/28/2003 5:43:56 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95738

NVLS is nicely higher after hours lifting the semiconductors enough for them to open above 285 on the SOX if the market were to open now.Well maybe if the state of the Union speech is well received it will happen tomorrow. From Briefing.com: 4:50PM Novellus guides higher for Q1 (NVLS) 29.71 -0.28: -- Update -- On call, says it expects Q1 bookings of $240 mln and shipments to be up 10% to $210 mln... projects revenues of $234 mln (consensus $204.6 mln) and EPS of $0.07 (consensus is profit of $0.06) 4:48PM Novellus not expecting further restructuring (NVLS) 29.71 -0.28: -- Update -- On call, says that if bookings can continue to grow at current rate, it won't need more restructuring... notes that if there is zero growth, more restructuring would be needed... all things considered, CEO said he tends to believe there won't be any more restructuring... separately, says it expects profits to grow from Q4 going forward 4:44PM Novellus says it sees firming of business (NVLS) 29.71 -0.28: -- Update -- On call, says it saw some firming of business in Q4 that is continuing in Q1 and beginning to show more widespread expansion 4:14PM Novellus matches estimates (NVLS) 29.71 -0.28: Reports Q4 (Dec) earnings of $0.11 per share, in line with the Multex consensus of $0.11; revenues fell 5.6% year/year to $217.6 mln vs the $211.6 mln consensus; deferred revenue at the end of the fourth quarter of 2002 was $130.1 million, a decrease of $26.6 million or 17.0 percent from $156.7 million at the end of the third quarter of 2002. finance.yahoo.com On what Lizzie had to say. Actually I do agree with both her and Gottfried that the bear market is likely to end in more of a whimper than a big volume downside blow off. That was not always my belief but I for one am always willing to listen and learn. This bear market has just been going on so long now that far too many people are hardly trading at all. Where is the volume supposed to come from if the retail trader has already been wiped out or stepped to the sidelines. As for a VIX over 100? In these times when the threat of war is so heavy on the market that the VIX has already traded well over 50 several times and back down much lower as well... VIX over 100??? Not gonna happen... Not unless it's nuclear war. RtS