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

To: robert b furman who wrote (3419)	4/18/2003 7:04:32 PM
From: SemiBull	Respond to of 3813

I agree wtih your thesis assuming one condition - namely, that the semi-equip continues to ride the trough. The longer the fog hovers, the more likely smaller players will burn through their cash or will approximate when they might and consider the logical alternatives. Also note though that in certain spaces, like Cu, low-k, and SOI, I think it possible that point might be pushed out a little bit for a couple of other reasons. Anyway, here's today's news... Novellus, Mattson battle in strip tool market By Mark LaPedus Semiconductor Business News (04/17/03 10:35 p.m. EST) SAN JOSE -- Mattson Technology Inc. and Novellus Systems Inc. battled for first place in the fab-tool market for dry strip applications in 2002, although Axcelis Technologies Inc. is gaining ground in the arena, according to figures from Dataquest Inc. In total, the dry strip equipment market reached $203.9 million in 2002, down 45 percent from $371.4 million in 2001, according to the San Jose-based market research firm. Novellus retained its lead in this market, but its share fell from 29.1 percent in 2001, to 26.7 percent in 2002, according to Dataquest. Its sales in the sector went from $108 million in 2001, to $54.5 million in 2002, it said. Mattson was in second place, but the company watched its strip equipment share fall from 26.5 percent in 2001, to 24.6 percent in 2002. Axcelis emerged from a crowded pack to regain third place. Its share jump from 6.9 percent in 2001, to 15.1 percent in 2002. Steve Paleyo, an analyst with Morgan Stanley in San Francisco, said Axcelis gained share as the company beat its rivals to the punch in the 300-mm dry strip market. Novellus and Mattson separately made acquisitions in this market to boost their respective shares. Novellus acquired dry-strip specialist Gasonics International Corp. in 2001, while Mattson bought Steag Electronic Systems AG. “Mattson struggled with its acquisition of Steag and Gasonics, later acquired by Novellus, was late with its 300-mm product,” according to Morgan Stanley. Rounding out the top dry-strip tool market in 2002 were KEM (7.7 percent), Shibaura (6.5 percent), Canon (5.8 percent), YAC (5.8 percent), Matrix Integrated Systems (3.1 percent), Ulvac (2.1 percent) and Tokyo Ohka Kogyo (1.7 percent). In 2001, KEM had 6.6 percent, Shibaura had 5.9 percent, YAC had 5.2 percent, Matrix had 4.5 percent, Tokyo Ohka had 2.5 percent, Ulvac had 1.9 percent and Canon had 0.3 percent.

To: robert b furman who wrote (3419)	5/27/2003 2:29:03 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 3813

There aren't many things more satisfying than watching NVLS go up 8% on a Sell reiteration: NOVELLUS SYS (NasdaqNM:NVLS) - Trade: Choose Brokerage Last Trade 2:26pm · 30.793 Change +2.233 (+7.82%) 8:28AM Novellus reit Sell at Fahnestock; near-term risk to $17 (NVLS) 28.56: While Fahnestock believes that co's exposure to the copper equipment mkt gives Novellus above-average growth potential, firm is concerned that its acquisitions will meaningfully reduce margin potential. In addition, cautions that industry visibility remains low and firm does not expect a significant order upturn to begin until Q4. Fahnestock sees near-term risk in the shares to the $17 level; firm's 12-month target is $22.