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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (258007)	8/28/2003 5:09:59 PM
From: mishedlo	Respond to of 436258

biz.yahoo.com Novellus, in a mid-quarter conference call, also said it expected to take a $70 million restructuring charge in the third quarter primarily for a write-down of inventory. The charge comes in addition to a $63 million charge to be taken related to the winding down of an off-balance-sheet lease ============================================================ I was wondering why the semis did not get there usual bid during the ramp today. At least I know why. In other news: Who cares. The bad news is all out. They can sell that inventory they are "writing off" just like CSCO did. I expect tremendous "margins" on this "written off" inventory that will be sold, not destroyed. Look for margins to improve on NVLS next quarter, or down the road. NVLS bargain basement priced at $39.82 AH get some while there are still shares left that the CEO is selling. M