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

To: Gottfried who wrote (3459)	7/18/2003 4:29:42 PM
From: Proud_Infidel	Respond to of 3813

If NVLS hits 22, that probably means AMAT hits 10 or below, as these are highly correlated......I also think it unlikely, assuming the fabs that are scheduled to go into production actually do. Brian

To: Gottfried who wrote (3459)	7/21/2003 5:13:56 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 3813

4:59PM Novellus explains lower than expected Q3 revenues forecast (NVLS) 34.55 -1.15: -- Update -- On call, NVLS credits the sequential drop in revenues to a shift in product mix to Japan... The latter compounds the SAFB101 clause, and will "extend" the lag effect for sales realizations by 60-90 days, and into Q4 (Dec). 4:53PM Novellus guides revenues below consensus estimates (NVLS) 34.55 -1.15: -- Update -- On call, NVLS sees Q3 (Sept) bookings of $220 mln, shipments of $210 mln, and revenues of $220 mln -- the latter falls below the Reuters Research consensus estimate of $232.9 mln... As for profititability, NVLS expects to be breakeven in Q3, which may include charges... The consensus estimate stands at $0.05. 4:43PM On call, Novellus says Q3 profits will be down, and revenues will be 'down significantly' (NVLS) 34.55 -1.15: -- Update -- More details to follow...